Dutch Selekt Mail expects to process up to 200 mln packages in 2005
Netherlands-based postal services company Select Mail Nederland, a joint venture of Dutch publishing group Wegener and German postal services company Deutsche Post AG expects to double the number of the processed packages in 2005 to some 200 million pieces, the company’s general director, John Kuiper, said on November 3, 2004.
According to the company, 2005 will be the third consecutive year, when Selekt Mail will double the annual number of processed packages. The company succeeded in doubling the processed packages number in 2003, therefore it posted a net profit for that year, Selekt Mail said. Kuiper did not provide a forecast for the company’s financial performance for 2004.
No financial details were available.
(Editor’s note: At the start of its operation in the middle of 2002, Selekt Mail said it would need to process between 30 and 40 million packages to break even. Deutsche Post holds a 51 pct stake, and Wegener a 49 pct stake in Selekt Mail. The company’s largest competitor in the Netherlands is postal, express and logistics company TPG NV.)
www.dft.nl
Source: De Financiele Telegraaf
Deutsche Post Dutch venture Selekt Mail aims to double deliveries next yr
AFX International ProFeed 11-03-2004
AMSTERDAM (AFX) – Selekt Mail Nederland, a joint venture of Deutsche Post AG and Royal Wegener NV, aims to double its delivery numbers next year, further increasing its market share at the expense of rival TPG NV, said general director John Kuiper.
Kuiper said Selekt Mail expects to process 175-200 mln items in 2005. If it meets this target, it will be the third year in a row the company has doubled its volume.
Last year the company made a small profit. Kuiper declined to comment on profitability for 2004.
