Deutsche Post to decide on future of US express ops in May
Deutsche Post World Net AG will present its decision on the future of its troubled US express operations in May, chief executive Frank Appel said during the German mail services company annual press conference.
Deutsche Post’s US express operations have posted unspecified losses since the company entered the market in 2004. It booked a 600 mln eur write-down of the operations during the fourth quarter.
Deutsche Post in January said it is considering several options for the troubled operations.
A pull-out is not an option, as the US market is an integral part of the group’s growth strategy, Appel said according to sheets distributed ahead of his speech.
Deutsche Post’s express division posted full-year negative EBIT of 172 mln eur after a positive EBIT of 288 mln in 2006.
Deutsche Post World Net AG will present its decision on the future of its troubled US express operations in May, chief executive Frank Appel said during the German mail services company annual press conference.
Deutsche Post’s US express operations have posted unspecified losses since the company entered the market in 2004. It booked a 600 mln eur write-down of the operations during the fourth quarter.
Deutsche Post in January said it is considering several options for the troubled operations.
A pull-out is not an option, as the US market is an integral part of the group’s growth strategy, Appel said according to sheets distributed ahead of his speech.
Deutsche Post’s express division posted full-year negative EBIT of 172 mln eur after a positive EBIT of 288 mln in 2006.
