Tag: Deutsche Post

Deutsche Post eyes privatisation of Italian, UAE State Post Offices

Posted by | Mar 4, 2005 | |

German postal and logistics group Deutsche Post AG will study the possibilities to participate in the privatisation of its Italian and UAE peers, a company spokesperson said on March 4, 2005, confirming previous reports.

Italy’s Prime Minister Silvio Berlusconi eyes a partial privatisation of Poste Italiane within 18 months. The company more than doubled its net profit to 236 mln euro (USD309.3 mln) in 2004 on sales of 9.0 bln euro (USD11.8 bln), up 11 pct year-on-year.

The UAE state post is also considered a profitable business.

Deutsche Post has submitted a bid for 25 pct of Danish Post Danmark. A decision is expected shortly, a spokesperson for the Danish company said. Deutsche Post is considered to have the strongest position of all bidders, as it already cooperates with Post Danmark in package deliveries. Dutch TPG and financial investor CVC Capital Partners are also among the bidders.

Read More

Deutsche Post keen to expand abroad

Posted by | Mar 4, 2005 | |

Deutsche Post is keen to expand its international operations. The company says that it is examining the possibility of acquiring a stake in both the Italian postal service operator, Poste Italiane, and the postal service of the United Arab Emirates, Emirates Post. According to press reports, Emirates Post is preparing for privatisation. Deutsche Post already cooperates with this company, which is said to be profitable. Silvio Berlusconi, the Italian prime minister, has said that Poste Italiane will be partially privatised within the next 18 months. The latest figures show that this company has more than doubled its profit to 236m euros, while growth of 11 per cent has been achieved in turnover, to 9bn euros.

Read More

Deutsche Post withdraws bid for La Poste

Posted by | Mar 3, 2005 | |

Deutsche Post AG has withdrawn its takeover bid for the Belgian state-owned La Post, according to a report in Die Welt, which did not cite any sources.

The bidding group of Dutch TPG and French La Poste is now considered front-runner to win the bid, it said.

Deutsche Post has also withdrawn its application to the German cartel office for approval of the acquisition of KarstadtQuelle’s department store and mail order logistics needs, Die Welt said.

Deutsche Post subsidiary DHL bought KarstadtQuelle’s logistics operations in late January in a deal worth 200 mln eur.

But both Deutsche Post and KarstadtQuelle rejected claims by the newspaper that the application was withdrawn because of concerns that the cartel office would not approve it in the first place.

Read More

Deutsche Post Dutch venture Selekt Mail sees over 220 mln deliveries this year

Posted by | Feb 25, 2005 | |

Selekt Mail Nederland, a joint venture of Deutsche Post AG and Royal Wegener NV, said it expects to achieve over 220 mln deliveries this year, with an 8.3 pct share of the Dutch postal market.

The forecast is based on the ‘explosive growth’ witnessed in the first quarter, which will see some 55 mln items delivered, and the ‘well-filled’ order book. January deliveries alone resulted in sales of 6 mln eur.

In November, the company’s forecast was for processing 175-200 mln items in 2005 as it aims to double its delivery numbers for the third year in a row.

According to a spokesperson for the company, Selekt Mail Nederland delivered some 100 mln items, resulting in sales of between 25 and 30 mln eur and an unspecified profit.

Read More

Deutsche Post to unveil FY EBITA growth of at least 8 pct

Posted by | Feb 24, 2005 | |

Deutsche Post World Net AG is expected to unveil on Tuesday a full year 2004 EBITA growth of at least 8 pct, with fourth quarter operating profit improving by around 10 pct despite losses in North America, according to analysts polled by AFX News.

Sales are estimated at 42.86-44.62 bln eur from 40.017 bln and net profit at 1.33-1.4 bln eur from 1.31 bln.

Analysts are forecasting EBITA between 3.22 bln eur and 3.32 bln eur, or an improvement of nearly 12 pct at best from 2.975 bln the previous year.

Deutsche Post itself had given a guidance of 7.5-12.5 pct EBITA growth.

Analysts said the Express and Logistics divisions were the main drivers of growth while weakness in Germany’s economy had slowed down the increase in profits of the cash-rich mail segment.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest