Tag: Deutsche Post World Net

Deutsche Post has 2 percent gain in first quarter earnings; on track for full-year target

Posted by | May 9, 2005 | |

Deutsche Post AG announced Monday that its first-quarter profit rose by 2 percent, helped by increased air and sea freight revenue, and said it was on track to meet its full-year earnings target. The Bonn-based company earned EUR 455 million (USD589 million), or 41 euro cents (52 US cents) a share, in the January-March quarter up from EUR 446 million, or 40 euro cents a share, in the same period a year ago. Revenue for the quarter was down, however, falling to EUR 10.52 billion (USD 13.62 billion) from EUR 10.57 billion a year ago. The outlook was attributed to better revenue in the company’s mail business and because of operating improvements in the US. The company said it was still working to improve its DHL unit, which is in bitter competition with FedEx Corp. and United Parcel Service Inc. “This year, measures taken to ensure the continuing positive development of DHL’s US express activities are being implemented,” the company said. The unit lost EUR 133 million (USD 172.2 million) in the first quarter, but that was an improvement from the
EUR 147 million loss in the same period last year.

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German DPWN to face competition from Direkt Express

Posted by | May 4, 2005 | |

Deutsche Post World Net AG will face competition from Direkt Express in the market for collecting, sorting and franking commercial letters that weigh less than 100 grammes starting next month, Focus Online reported. A German court decision opened the market for such letters earlier this month. ‘We will deliver 120,000 mailings per day,’ Direkt Express’s chief executive Edip Tuerkoglu said. Direkt Express will be Deutsche Post’s first competitor in this market.

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Deutsche Post denies giving analysts profit warning

Posted by | May 3, 2005 | |

Deutsche Post World Net AG said it has not warned analysts of a lower profit at is mail unit than the year earlier, denying earlier press reports.’The press reports give the impression that we gave figures to a small circle (of analysts). We strongly deny this,’ a Deutsche Post spokesman said. The report, which appeared in the Financial Times Deutschland today, cited analysts as saying they had received a profit warning from Deutsche Post which stated that the group’s mail division’s operating profit has declined by around 100 mln eur in the first quarter from 749 mln one year before. The spokesman said that at the time when the company supposedly had given these unpublished figures to analysts, the results were not even ready.

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DHL Global Mail strengthens international mail network in Europe

Posted by | Apr 20, 2005 | |

DHL Global Mail is further expanding its domestic mail activities in the United Kingdom, thereby strengthening Deutsche Post World Net’s international mail network. The goal is to offer business customers in all important United Kingdom trade centers domestic and international mail services, possible until now only in Greater London. Additionally, Global Mail’s British network will be expanded by additional regional distribution centers by year-end. The first new center, where operations have just started up, is located in Manchester and serves Northwest England.

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Deutsche Post CFO says can’t predict 2005 dividend

Posted by | Apr 20, 2005 | |

Deutsche Post World Net AG is not contradicting market expectations that the company’s full year dividend payment on 2005 earnings will rise to 0.65-0.70 eur per share from the 0.50 proposed for 2004. In an interview with Frankfurter Rundschau newspaper, Chief Financial Officer Edgar Ernst said: ‘We cannot say now what dividend we could offer … for 2005. But … if we perform better, then shareholders should profit more. ‘The financial markets expect a stable dividend payment quota of 35 pct. Based on our earnings forecast, this calculation means 65 to 70 cents … and we have not contradicted that.’

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