Year: 1998

Deutsche Post Expands Its Parcel Network Into France With Acquisition Of Parcel/Express Carrier Ducros Services Rapides

Deutsche Post will acquire a 68% majority interest in the publicly traded French parcel/express carrier Ducros Services Rapides which is based in Nimes. The main business of the logistics service provider, which was set up in 1948, is the delivery of commercial express and parcel shipments in France. Its wholly-owned subsidiary Transerra is active in Spain. The acquisition of this participating interest by Deutsche Post represents another important step towards the completion of its pan-European parcel network.

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New Zealand Post 1995-96 annual report

Standard letter postage price reduced from 45 cents to 40

Record profitability of $75.2 million after tax.

Implementation of free Rural Delivery service and
introduction of full courier service throughout the rural
network resulted in a 20 per cent increase in Rural Delivery
box holders.

Strong growth in all areas of business – letters, courier and
parcels, and international.

Letter volume growth of over five per cent experienced for
the fourth year in a row.

Awarded two Tradenz export awards: – for international
advisory services – for overseas stamp sales.

Strong retail growth with 29 new Post Shops opened during
the 1995-96 year.

“Caring for Communities” sponsorship programme

America’s Cup, Nuclear-Free and Famous New Zealanders
stamp issues attracted widespread public interest.


Development of leading edge retail outlets throughout
communities in New Zealand.

Opportunities for growth of direct marketing and electronic

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message mail.

Aiming to lead the country in “Best Practice” through
adopting risk management and economic value-added

Highlights . Chairmans Report . About New Zealand Post . Chief Executive’s Comments .
Financial Highlights . Six Year Trend . Statements of Financial Performance . Statements
of Movements in Equity
Statements of Financial Position . Statements of Cash Flows . Statutory Information 2 .

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Chairmans Report


I am proud to be Chairman of New
Zealand Post. Highlights of this year are:

A record profit.
Performance ahead of budget.
Good all-round operational
Customers’ positive response to the
reduction in the standard letter price
to 40 cents.

This is an excellent performance by New Zealand Post.

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Deutsche Post to acquire a 50 percent stake in Securicor Distribution

November 1998 Deutsche Post has acquired a 49.9% stake in Securicor Distribution with 50% of the voting rights, Securicor Distribution operates in the business sectors parcels and express, contract logistics, warehousing and making out of dispatch orders. The new joint venture employs around 12,500 people and runs 7,000 vehicles. In 1997, the turnover generated totalled around £ 562 million (DM 1,556 million).

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