Deutsche Post’s DHL hopes KarstadtQuelle logistics to post profit in 2006
Deutsche Post AG’s head of logistics Frank Appel said the company’s DHL logistics unit expects the logistics operations it acquired from KarstadtQuelle AG to post a ‘significant’ net profit next year, according to German daily Frankfurter Allgemeine Zeitung.
The profit will be achieved following ‘internal optimisation’, Appel told the newspaper in an interview.
He said that he would be satisfied if the KarstadtQuelle logistics operations would break even this year.
Appel also confirmed that DHL is still in talks with KarstadtQuelle over the possible acquisition of the retailer’s Neckermann and Quelle logistics operations.
‘We remain interested in principle. The negotiations are under way,’ he said, although he added that ‘one must not overburden oneself’.
Germany’s Cartel Office last week approved without conditions the acquisition of KarstadtQuelle’s logistics operations by DHL.
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