Deutsche Post sees steady revenues after German mail monopoly ends in 2007
Deutsche Post AG board member Hans-Dieter Petram told Focus magazine he expects revenue at its mail division to remain steady after it loses its monopoly status in Germany at the end of 2007.
‘We earn 2.0 bln eur at our domestic and foreign operations annually, and that isn’t going to change when the monopoly expires; we are the best mail company in the world,’ Petram told the newspaper.
Earlier, Deutsche Post said revenues would decline 10-20 pct after the monopoly expires. However, Petram stressed that Deutsche Post prefers to err on the side of caution, calling that forecast ‘a worst-case scenario.’
‘We gain two letters abroad for every letter that we lose at home,’ he told Focus.
