Austrian Post to lose Neckermann Oesterreich delivery contract from mid 2008
Austrian Post will lose its delivery contract with the Austrian arm of the mail-order company Neckermann from the middle of next year to the German logistics company Hermes, according to the Austrian daily WirtschaftsBlatt.
‘What is certain is that we are going to switch (to Hermes) in the first half of 2008,’ Bernd Kupfer the head of Neckerman Oesterreich told WirtschaftsBlatt.
Neckermann Oesterreich sends between 3-4 mln packages a year in Austria and is 49 pct-owned by Germany’s Acandor AG.
Yesterday, Austrian Post said Quelle Oesterreich, also a unit of Acandor, had decided to use alternative postal services providers to deliver its 7 mln packages in Austria as of Jan 1.
Post said it expects to see its operating results lowered by around 20 mln eur from 2008; as a result the share plummeted over 14 pct to 24 eur.
