PIN wants to have as many German mail drop-off points as Deutsche Post next year

PIN AG chief executive Guenter Thiel told Euro am Sonntag magazine that his company wants to have as many German mail drop-off points as rival Deutsche Post AG by mid-2008. ‘Our goal is to have a branch network that is at least as large as Deutsche Post’s by the middle of 2008,’ Thiel told the weekly in an advance copy of an interview scheduled to appear in this week’s edition. At present, PIN has 500 branches, while Deutsche Post has about 12,000. PIN achieved sales of 200 mln eur last year. This year it expects sales to reach 350 mln eur. Thiel said the group could offer air mail delivery services once annual sales exceed 1.0 bln eur. ‘If we have achieved sales of 1.0 bln eur by 2009, then I can imagine that we could also transport deliveries by air,’ Thiel said. PIN is owned by Axel Springer AG, Westdeutsche Allgemeine Zeitungsverlag GmbH & Co, Georg von Holtzbrinck GmbH & Co and Rosalia AG.