Tag: Deutsche Post

What's good for the post office

Posted by | Nov 15, 2006 | |

There is both a similarity and a critical difference between what China and India are contemplating. The similarity is that officialdom in both the countries wants to reserve postal mail below a certain weight for the state-owned service, amidst strong protest from private operators in the field. The private courier services in India and China have pointed to the most important consequence that such a monopoly for the incumbent is likely to have_kill a large number of low-skill jobs with the couriers, which governments can hardly afford to allow.

In the case of India, the website where the draft Bill to sanction this monopoly is posted for public discussion says in support of its move that such monopolies exist in other countries. But what it does not say and which is relevant is that in one part the world, for example the European Union, where such a practice still exists, it is set for sunset under the European Commission’s ongoing reform programmes. India should surely conform to the future, not the past.

China and India are both examining the future of their post offices in the wake of some of the leading earlier fully state-owned European postal services successfully transforming themselves. It is important for India to get things right but as of now there are no signs that it will be able to do so.

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Deutsche Post to move accounting ops to Eastern Europe; save 500 mln eur a year

Posted by | Nov 12, 2006 | |

Deutsche Post AG plans to reorganise its finance and salary bookkeeping operations and may include outsourcing some operations to the Czech Republic and Poland in a move that is expected to save 500 mln eur a year, the Welt am Sonntag reported, citing Deutsche Post management.

The outsourcing will only affect post workers outside Germany, the newspaper said.

‘We will make a decision in the next 12 to 18 months, where our accounting services in Europe are to be located,’ Frank Appel, Deutsche Post manager for Global Business Services told the newspaper.

The postal carrier plans to save 500 mln eur a year from the restructuring and outsourcing starting in 2009, the report said.

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Exel takeover fuels growth at Deutsche Post

Posted by | Nov 9, 2006 | |

German logistics and mail giant Deutsche Post has reported double-digit growth both in turnover and profits for the third quarter of the year.

Turnover rose by 35% to Euro14.9bn (USD17,4bn) compared with the third quarter a year earlier, while net profits added 30% to Euro537m.

The increases were driven by the integration of British supply chain giant Exel and financial group BHW as well as through organic growth, the former monopoly said.

The main contributor to the company results was again the logistics division, which is the strongest segment. Thanks to Exel, turnover increased by 100% to Euro6.1bn compared with the third quarter a year ago, while earnings before income and tax surged 70% to Euro189m.

‘We have achieved growth by the integration of Exel as well as by organic growth,’ a spokeswoman for the logistics giant said. The integration had not been an obstacle, but a driver for growth, she added.

In September, DP clinched a GBP1.6bn (USD3bn) logistics services contract with the British government. The company will provide all procurement and logistics services for 600 hospitals and other health providers.

Over the first nine months of this year the logistics division achieved turnover of Euro16bn, of which Euro8.61bn stemmed from newly acquired companies. Most of the latter figure was directly attributable to the purchase of Exel.

Seafreight transport volumes in the quarter increased by 82% to 574,000 teu and air freight performed slightly better with an 84% rise to 1.1m tonnes. Turnover from seafreight amounted to Euro736m, up 52%. Air freight also saw a 52% increase to Euro1.2bn.

The company’s shares dipped 2.2% to euro21.87 yesterday afternoon on analysts’ predictions that even better results should be expected.

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Deutsche Post reports 30% rise in Q3 profit

Posted by | Nov 9, 2006 | |

German logistics conglomerate Deutsche Post World Net has reported a double-digit increase in revenue and earnings in the third quarter through September.

Consolidated revenue rose by 35% from E11.0 billion to E14.9 billion in the period, boosted by the acquisitions of logistics service provider Exel and financial service provider BHW.Profit from operating activities (EBIT) rose by 40.1% to E1.03 billion, including the expected income of E276 million from calling the exchangeable bond on Postbank stock in July prior to maturity. Consolidated net profit was E537 million in the third quarter of 2006, compared to E412 million in the year-earlier quarter, corresponding to a 30.3% increase. “On the whole, the company is doing well: Logistics and Postbank continue to post exceptionally strong performance and have made rapid progress with respect to integration. At the bank we were even able to finalize the process earlier than planned,” said Edgar Ernst, CFO. “The mail and express divisions, which both suffered a drop in earnings in the second quarter, posted higher profits again in the third quarter. In view of the traditionally strong Christmas quarter, I am very confident for the remaining weeks of the year.”Deutsche Post World Net is the parent company of global express and logistics business DHL, and, following the 2005 purchase of Exel, is the largest contract logistics company globally.

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Liberalisation, privatisation and regulation in the German postal services sector

Posted by | Nov 1, 2006 | |

The public monopoly in the German postal sector had already been called into question
in the public debate in the 1980s. In 1985 the German government, which at that time
was composed of a coalition of the Christian Democratic Party (CDU) and the Liberal
Party (FDP), established a government committee that dealt with possible forms and
steps of privatisation and liberalisation concerning the postal and telecommunications
sector (Wehner 2005: 5, 6). The official start for the privatisation and liberalisation of
the German Post (Deutsche Bundespost) was in 1989. Through the first postal reform
(Poststrukturgesetz/Postreform I) the German Post was divided into three sectors: postal
service, postal banking and telecommunications. The political functions (regulation of
the monopolies) were separated from the entrepreneurial ones. In the course of the
second postal reform (Postreform II), which came into force at the beginning of 1995,
the three postal corporations were transformed into incorporated companies. In the first
instance the German Federal Government retained all shares of the German Post which
was renamed the Deutsche Post AG (DPAG). These two steps were affected by the
(partial) privatisation and the preparation of further liberalisation measures. The process
of liberalisation reached its preliminary climax in 1998 when a new Postal Act
(Postgesetz) came into force. Via this Act the postal market was gradually opened to
competition by successively restraining the exclusive license of the DPAG; the end of
the exclusive license was originally planned to be in 2002 but was lengthened until the
end of 2007. Moreover, the rules for licensing were laid down and the terms for the
access to the market were defined.
In November 2000 the material privatisation of the DPAG began with its initial public
offer (IPO). In the course of the IPO the DPAG was renamed as the Deutsche Post
World Net (DPWN). In order to prepare for the imminent end of its monopoly the
DPWN made several acquisitions abroad.

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