Spanish Courier Sector Eyes 5.8 Bln Euro Turnover 2004
Spanish courier service sector forecasts a turnover of a total 5.8 bln euro ($7.1 bln) for 2004, up 10.9 pct year-on-year, Spanish consultancy DBK said on September 14, 2004.
Spain’s courier sector eyes a 9.0 pct year-on-year increase in turnover to 6.3 bln euro ($7.7 bln) in 2005.
The turnover increase in both 2004 and 2005 will be partly due to the improved consumer confidence in delivery services.
DBK has also detected a tendency of mergers between courier firms in Spain, targeted at strengthening of the companies’ positions on the domestic market, at entering new markets or at gaining bigger clients and starting complementary services.
The five biggest operators in the delivery of industrial parcels in the country, including DHL Iberia, the Spanish arm of German express mail delivery group DHL, and Spanish Azkar, accounted for 46 pct of the total sector turnover in 2003. The five largest operators in the parcel delivery business in Spain, among them Spanish Grupo Seur and MRW, generated 48 pct of the turnover in the sector in 2003.
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Source: La Bolsa
