DHL Magyarorszag (Hungary) sees best growth in 20 years
DHL Magyarorszag Kft’s (DHL) pre-tax profits rose 130pc last year to HUF 270m, unaudited figures show. Preliminary net profits more than doubled to HUF 216m, marketing manager Anna Papp-Vary told MTI.
Net revenues rose 44pc last year to HUF 5.7bn.
Since it set up business in Hungary nearly 20 years ago, DHL has never before seen growth as rapid as in 2002.
DHL, which now controls 44pc of Hungary’s express delivery services sector, projects it will modestly increase its market share in the coming years.
DHL, with registered capital of HUF 103.9m and net assets of HUF 656.9m, is owned by Deutsche Post World Net.
Set up in 1984, DHL Magyarorszag’s 340 staff, including 100 couriers, deliver 600,000 express packages annually.
The company manages a 125-unit fleet, including 80 courier cars. DHL is replacing its entire courier fleet this year at a cost of HUF 400m.
The company has four offices in Budapest and eight in the provinces.
The group’s DHL air express deliveries, Euro Express parcel and distribution network and Danzas logistics business were put under the brand name DHL worldwide in March 2003.
Merging the networks is expected to generate surplus revenues of EUR 130m for the group worldwide. The group expected to boost its profits 40pc by 2005.
(HUF 100 = EUR 0.4071)
