Tag: Deutsche Post

Deutsche Post to offload niche courier operation

Posted by | Feb 17, 2006 | |

Logistics company Exel, which was last year taken over by the German mail giant Deutsche Post for pounds 3.8 billion, has put its niche courier business Marken on the block for an estimated pounds 250m. It is understood that the investment bank UBS has been appointed to sell Marken. Marken provides specialist courier services to the medical, pharmaceutical, media, professional, fashion and high technology industries. Sources said that a number of UK-based private equity firms such as PPM, Bridgepoint, Electra and 3i, were interested in acquiring the business. It is understood there could also be trade buyers.

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Deutsche Post shares slump amid DHL concerns

Posted by | Feb 15, 2006 | |

Deutsche Post on Wednesday abandoned its break-even target for its struggling DHL package delivery arm in the US and said it would stop reporting separate results for the unit. The news led to a substantial sell-off of the stock. The German postal group, the world’s largest logistics company, has been plagued by problems, particularly over service levels, following its acquisitions of DHL and Airborne, a Seattle-based delivery company bought for USD1bn in 2002. It had promised to break even in the US by the last quarter of this year but on Wednesday it merely said that “[DHL] will continue its path towards break-even in the coming years”. It also said it would no longer break results down geographically because none of its rivals, such as FedEx and UPS, did. Shares in the German group, which loses its domestic postal monopoly next year and has been seeking to expand abroad to compensate, plunged 3.6 per cent, making them the biggest losers among Frankfurt’s blue-chip stocks. “If people were being mean, they could argue that Deutsche Post wants to hide the progress of the US operations,” said one German-based analyst. “It is definitely not an encouraging sign.”

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Deutsche Post says 2005 net profit rose 40 percent to EUR2.23 billion

Posted by | Feb 15, 2006 | |

Deutsche Post AG said its 2005 net profit rose by 40 percent to EUR2.23 billion (USD2.65 billion) because of demand for its logistics service and said its annual earnings would likely reach double that amount by 2009. The world’s biggest logistics business and the owner of shipper DHL said the net profit compared with EUR1.6 billion in 2004. Revenue for the year rose 3.3 percent to EUR44.6 billion (USD53 billion) from EUR43.1 billion. Fourth-quarter figures won’t be released until March 14, when the Bonn-based company unveils full details of its results.

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Will print feel the pinch from Williams Lea deal?

Posted by | Feb 15, 2006 | |

How we think print fits into the business landscape has just shifted dramatically following Deutsche Post’s bid for Williams Lea. The global mail and logistics firm, which operates DHL Global Mail in the UK, has described Williams Lea as a provider of “value-added document and mail-related services”. As so much print ends up in the post for whatever application, be it direct mail, bills, statements or all manner of other business and consumer communication, it seems to be a perfect match. If the parent company can gain all Williams Lea’s fulfilment – the logistics and postage – then the deal could prove to be a cash cow, but that’s only part of it. InfoTrends CAP Ventures has claimed that of every GBP6 spent on a document only GBP1 is on print production, the rest comes before and after in document management, design, fulfilment and logistics.

Deutsche Post, has just carried out a pincer movement on print. It has a strong position in fulfilment and has bought one of the pre-eminent players in print and document management.

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Deutsche Post probed for alleged dumping in mail ops

Posted by | Feb 7, 2006 | |

German regulator Federal Network Agency has started a formal investigation into Deutsche Post AG for allegedly dumping in its mail operations, Frankfurter Allgemeine Zeitung said, citing sources. Based on complaints filed with the agency, it said Deutsche Post had attempted to curtail competition in the area of letter collection, sorting and delivery through its wholly-owned unit Deutsche Post In Haus Service GmbH (DPIHS). It is alleged to have offered bundling of mailshots from federal agencies at special conditions, matching the offers from competitors for such services. Lawyer Christian von Ulmenstein, who represent the complainants, told the newspaper that by offering these extra services plus the regular offerings in-house, Deutsche Post has curtailed competition in the sector and abused its market position.

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