A reversal of fortunes was witnessed by Norway Post in 2003 according to its preliminary results for the year. The group has forged ahead with restructuring plans to turn around a loss of NKr33 million in 2002 to earnings of NKr512 million for 2003.
Read MoreThe French postal service will cut 2,800 jobs out of 17,300 in its financial operations between 2004 and 2007 in a bid to boost profits, the cuts will be achieved through natural wastage. La Poste was not immediately available to comment. It has already announced 733 job cuts for 2004.
Read MoreDeutsche Post revenues over €40 billion
Read MoreHays, the services group turning itself into a pure staff recruitment business, has put its profitable mail operations up for sale in a move bound to attract big European players such as Deutsche Post.
Colin Matthews, chief executive, who has raised GBP 355m from 11 disposals of commercial and logistics businesses, said: “We are actively looking at all the options for mail, including a straight forward sale, a demerger or a float: whatever route you can think of.”
Read MorePitney Bowes Inc have announced that eBay, The World’s Online Marketplace, selected Pitney Bowes as the technology provider for a completely browser-based online postage solution that gives both eBay.com and PayPal customers quick and easy access to shipping services. The new online postage solution simplifies the process of calculating and paying for postage and accessing shipping services offered by the U.S. Postal Service (USPS).
Read MoreGeodis has reported a 20 percent improvement in operating profit, a two-fold increase in income, and a 1,000 percent rise in Group share net income, in the financial year ending December 31st, 2003.
Read MoreNorway Post has signed an agreement to buy Nor-Cargo Holding ASA for NOK 850 million. The transaction strengthens Norway Post’s core business and makes the company a provider of a full range of logistics services. The acquisition is the largest ever made by Norway Post during its 356 years of existence. Norway Post takes over Nor Cargo Holding ASA from Det Stavangerske Dampskibsselskab ASA (DSD) and Ofotens og Vesteraalens Dampskibsselskap ASA (OVDS), with effect from 10 May this year. The acquisition does not include Nor-Cargo Shipping. The agreement is conditional upon due diligence and the approval of the Norwegian Competition Authority. The acquisition strengthens Norway Post’s position in the logistics market, where competition is fierce especially from international players. Norway Post’s acquisition of Nor-Cargo secures a competitive Norwegian alternative.
Read MoreIn 2003 Deutsche Post World Net continued its successful course in what was a challenging economic environment. For the first time in company history revenue exceeded EUR 40 billion (EUR 40.02 billion), an 1.9 percent increase compared with the previous year. Profit from operating activities (EBITA) increased slightly from the year before (+0.2 percent) to EUR 2.98 billion.
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