Tag: Courier/Express/Parcels

Christian Salvesen’s pre-close trading statement

Posted by | Apr 4, 2007 | |

Overall, the outcome for the year ended 31st March 2007 is expected to be in-line with market expectations. A third consecutive year of strong contract wins has delivered revenue growth of around 10 pct in the second half of the financial year, following the 7.5 pct reported in the first half, and all businesses have grown. Contract wins are ahead of last year’s GBP 120 million, with high contract retention rates and a continuing strong pipeline.

In the Food & Consumer sector, results will reflect the strong performance in our UK businesses and a stabilising performance in mainland Europe.

In the Transport sector, results will reflect the continuing challenges in the UK market. We have commenced a thorough review of this business which will be completed by the end of May.

We recently concluded a strategic alliance with leading Turkish freight forwarder, Ulustrans, to offer integrated transportation services between Turkey and the rest of Europe. The alliance will combine Ulustrans’ established freight forwarding services with Christian Salvesen’s extensive networks in Europe.

The programme of restructuring to improve efficiency across the Group is continuing, with particular focus on our UK and Spanish transport businesses and the European food & consumer business, and will result in restructuring costs of around GBP 4.5 million in the second half of the year just ended.

We have recently agreed some important changes with the trustees of our UK pension scheme which have reduced both the ongoing P&L cost and the balance sheet deficit without the need for additional cash contributions.

The year end debt position will be around GBP 45 million, following the successful sale and leaseback of part of our UK property portfolio in September 2006. That transaction generated GBP 47 million in cash for property with a book value of GBP 19 million. Following that transaction, the book value of our remaining properties was GBP 48 million net of related indebtedness.

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Business Post Group – close period trading update

Posted by | Apr 4, 2007 | |

Business Post Group plc today issues the following close period trading update for the twelve months ended 31 March 2007.

At interim results in November 2006 Business Post Group said that it expected a much improved second half.

The company reported that this has been achieved and expect to report revenue growth of around 18% in the second half year giving revenue growth for the full year of around 17% – primarily driven by the continued strong performance of UK Mail.

The exit from the FedEx Corporation contract is progressing satisfactorily. As announced on 6 February 2007, an exceptional cost of some GBP 1m will be incurred in the current financial year relating to contract exit costs. This will be offset by an exceptional gain of GBP 1m from a recent property disposal.

Good progress is being made in creating the platform from which the group’s strategy – to develop Business Post into the UK’s leading independent integrated postal group – can be achieved.

As a result of the above, the Board anticipates that the results for the year to 31 March 2007 will be in line with its previous expectations.

Preliminary results for the year ended 31 March 2007 will be announced on 23 May 2007.

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Christian Salvesen and Ulustrans announce strategic alliance

Posted by | Apr 3, 2007 | |

Leading Turkish freight forwarder, Ulustrans and European logistics specialist, Christian Salvesen, have announced a strategic alliance which will combine the respective strengths of the two companies to meet customers’ requirements for transportation between Turkey and the rest of Europe.

Christian Salvesen PLC will be able to offer Turkish freight forwarding services to its customers as part of its distribution and logistics services via Ulustrans’ freight capability.

Ulustrans will utilise Christian Salvesen’s extensive networks in Europe to facilitate distribution services for its customers. This alliance enables Christian Salvesen and Ulustrans to meet their customers’ needs by providing an integrated transport capability between Turkey and the rest of Europe.

Christian Salvesen CEO, Stewart Oades, said: “This strategic alliance increases our transport network capability into an important market, enabling Christian Salvesen to provide customers with transport services between Turkey and Europe. Turkey was identified as an important country in our plans and this represents a significant increase in our capability. We look forward to working with Ulustrans, the leading Turkish provider in the market.”

Ulustrans CEO, Olgun Hacialoglu, added: “We are keen to expand our freight offering to and from Turkey. Christian Salvesen is the right partner to enable us to do this and will provide the strong European distribution services which our customers require.”

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DHL Express launches customer loyalty programme in Switzerland

Posted by | Apr 3, 2007 | |

DHL Express has started what it claims to be the first customer loyalty programme in Switzerland offered by a logistics company.

The “DHL Ship & More” programme, launched at the start of April, offers a range of rewards and is available to contract customers, DHL Express Switzerland announced.

Customers can register online for the programme, and collect points for each shipment sent by DHL. One point is earned for every CHF 1 of the net shipment price, excluding customs charges and other fees.

Rewards can be earned starting from 500 points, with a range of products ranging travel vouchers to consumer electronics and other items. Points can also be donated to World Vision charity projects, DHL pointed out.

The rewards go to the company of the customer, and it is up to management to decide what to do with the item in question, DHL added.

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Free drops La Poste, picks UPS to deliver Freeboxes

Posted by | Apr 3, 2007 | |

Free has changed its logistics partner for its Freebox, opting for UPS over the French postal service’s Colissimo service, writes industry website 01net. Parent company Iliad’s CEO, Michel Boukobza, said earlier this year that there were problems with Colissimo, which was incompatible with online sales. According to the Freenews subscriber website, the company delivers 2,000 modems per day. Free said it was maintaining its Freebox exchange system and Kiala deposit points, but would not comment further on its change of contract. Free’s customer service staff, at call centres and call outs, had 1,500 employees in February, according to the CEO.

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