Deutsche Post AGM 2002 Press Release
Deutsche Post AGM 2002: Good News for Shareholders
Dividend up 37%
Group’s high earning power and great financial strength
Excellent evaluations by international rating agencies
Tag: Deutsche Post World Net
Deutsche Post World Net hits the ground running in 2002
Deutsche Post World Net has kicked off 2002 with 13.1% growth in revenue to €9.7 billion in Q1/2002. The key reason for the rise in revenue as against the prior year period was the acquisition of a majority holding in DHL International, the global market leader for cross-border courier and express services.
Read MoreDPWN drops bid to buy Airborne Express
Deutsche Post World Net (DPWN) is not negotiating to buy Airborne Express – for the time being. An IFW source said discussions reached due diligence stage recently before breaking down, a suggestion supported by a rise above US$20 in the carrier’s US share price last month from a low point of just $9 in October
Read MoreSynergy is the key as Danzas looks ahead
Danzas, the world’s biggest air freight forwarder, will improve its performance as the market returns to growth in the second half and through cross-selling with DHL. Despite last year ‘s slump in air freight volumes and the slower than expected integration of AEI, Danzas increased its sales by 10.4% to Euro 9.15bn.
And margin improvements achieved through the rapid growth of its Solutions logistics business helped pre-tax profits 40.7% higher at Euro 159m.
Read MoreDeutsche Post merges international mail ops
Deutsche Post World Net AG said its units Deutsche Post Global Mail and DHL Worldwide Express are to merge their international mail activities to enhance the group’s position in international mail business.
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