Tag: Deutsche Post

Deutsche Post World Net has good start in fiscal 2006

Posted by | May 16, 2006 | |

Deutsche Post reports first-quarter group sales up 40.7 percent, operating earnings rise to 917 million euros and international revenue reaches 57.4 percent of total revenue. The company posted 4.2 percent higher profit from operating activities (EBIT) of 917 million euros in the first quarter of 2006 compared with the same quarter last year. Organic growth and acquisitions increased sales by 40.7 percent to 14.8 billion euros. Excluding Exel, which was included in Deutsche Post’s accounts for the first time in the reporting period, group revenues totaled 11.9 billion euros. That corresponds to an increase of 13.4 percent. Consolidated net profit was 482 million euros for the first three months compared with 459 million euros a year earlier, a 5 percent increase. Due to a higher number of shares, earnings per share fell from 41 euro cents to 40 euro cents.

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Workers reach pact with Deutsche Post

Posted by | May 15, 2006 | |

Deutsche Post agreed with about 130,000 workers on a new wage accord whose components include cash payments and pay rises. Under the two-year pact, the company will pay out EUR250, or USD322, in cash during the first six months of the agreement, which runs from May 1, Deutsche Post said Saturday. The agreement is equal to a 2.3 percent wage increase in the first year of the program and a 2 percent increase in the second year, Deutsche Post said. Deutsche Post said it reached the accord after two rounds of talks with Ver.di, a trade union representing the interests of the company’s work force.

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US express challenge for Deutsche Post

Posted by | May 11, 2006 | |

Deutsche Post has called the turnaround in its US express service business one of the major challenges for the next year. Chief executive Klaus Zumwinkel underlined, though, that the postal and logistics group has no intention of withdrawing from the US. ‘The setbacks in 2005 in connection with the integration of the hubs do not lead to a change in direction. Rather, they lead to a strengthening of our efforts,’ he said. DHL’s US express business suffered a loss of EUR400m (USD512m) last year, which was less than a year earlier but more than expected. Mr Zumwinkel underlined that as a global logistics player, a presence on this market was inevitable. 20% of Deutsche Post’s express volumes were coming from or destined for the US. The chief executive added that the division should be profitable from 2009.

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Deutsche Post may buy back shares to boost price

Posted by | May 10, 2006 | |

Deutsche Post World Net, the parent of DHL, plans to raise dividends and may buy back stock to boost its share price. The announcement by chief executive Klaus Zumwinkel pushed shares of Europe’s biggest postal service to their largest increase in three years. Deutsche Post intends to increase the payout ratio from the current 37.4 percent of net income as earnings rise, Zumwinkel told shareholders at the company’s annual meeting Wednesday in Cologne.

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