Taxpayers face bill for new universal bank: Government to pay handling fees
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Irish govt bill paves way for An Post alliance or flotation
Irish govt bill paves way for An Post alliance or flotation
Read MoreRecord profit Deutsche Post after acquisitions
Record profit Deutsche Post after acquisitions
Deutsche Post World Net’s 2000 revenue rose by 46 percent over 1999 to 32.7 billion euro. Profit from operating income (Ebitda) leapt by 158 percent to 2.38 billion euro, profit by 48 percent to 1.53 billion and earnings per share by 48 percent to 1.36 euro.
According to CEO Klaus Zumwinkel return on sales was over seven percent, and return on equity at 62 percent.
He said: ‘After the restructuring of the company within Germany and the globalization of the Group, in phase three we are now focusing on putting Deutsche Post World Net on the path to becoming the No. 1 global player for logistics.’
For the first quarter of 2001 Zumwinkel expects a revenue increase in all four corporate divisions thanks to acquisitions and organic growth, as well as slight improvements in profits from operating activities (Ebitda). He has the same positive expectations regarding revenue and profit throughout the year for the entire group and its international business.
The corporate divisions Express Logistics and Financial Services only contributed 51 percent to the DP revenue in 1999, and last year this figure had already risen to 66 percent, but only 26 percent of the profit.
Revenue in the Mail corporate division increased slightly to EUR 11.7 billion in 2000, and profits rose by almost 100 percent from 2.0 billion euro in 2000.
The Express division’s market position was further reinforced, with the division generating revenues of 6 billion euro (+ 26 percent) and profits of 76 million euro (+ 27 percent).
In 2000, Logistics (Danzas and AEI) contributed 8.3 billion euro (+ 86 percent) in revenue and 113 million in profit.
The greatest increase of all in 2000 was achieved by the Financial Services corporate division, mainly thanks to the integration of DSL Bank into the Group. Revenue rose to approximately 8 billion euro (+ 178 percent), profits increased to 505 million (+ 771 percent).
source: Deutsche Post release
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Read MoreDeutsche Post World Net Annual Report 2000
Deutsche Post World Net Annual Report 2000
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