Tag: Deutsche Post World Net

Record earnings Deutsche Post

Posted by | Mar 1, 2002 | |

Deutsche Post World Net, the German state-aid company, had record revenues and earnings for 2001, but warned for a more difficult 2002.
Deutsche Post group revenues totaling some 33.4 billion euro were 2.0 per cent higher than the previous year.

Earnings, the profit from operating activities (EBITA), grew 7.1 per cent to about 2.6 billion euro.

Net profit rose 4.6 per cent to around 1.6 billion for 2001. Earnings per share were 1.42 euro.

The available financial figures are still preliminary. Deutsche Post World Net will present the precise figures and further details at its financials press conference on April 8, 2002.

‘For the year 2002, we expect to continue this successful course for the group. However, it will be difficult to again surpass our operating profit,’’ said CEO Klaus Zumwinkel.

Source: Deutsche Post release

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EUROPE VIEW: POSTAL PARITY IN BRITAIN

Posted by | Feb 15, 2002 | |

Britain is about to administer a much needed post-Sept. 11 pickup tonic to the global express and parcel delivery market by opening its postal market to full competition for the first time. And that means plenty of new business opportunities for private firms, from U.S. giants like United Parcel Service and FedEx, to aggressive European postal groups like TPG of the Netherlands and Deutsche Post World Net of Germany. Comment from the Journal of Commerce.

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DPWN: Trans-O-Flex Takeover Blocked

Posted by | Nov 26, 2001 | |

Deutsche Post said on Monday it would appeal a cartel office order blocking its takeover of express delivery group Trans-o-flex and would retain operational control over the firm until a final ruling on its appeal.

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