Tag: Deutsche Post

Deutsche Post CEO says FY 2004 sales top 40 bln eur, sees ‘further clear gain’

Posted by | Jan 19, 2005 | |

Deutsche Post World Net AG’s full-year 2004 sales rose to ‘far more than 40 bln eur’ and are expected to post a ‘further clear gain’ this year, chief executive Klaus Zumwinkel told Die Zeit newspaper. Zumwinkel also said the company may outsource the delivery division of its express mail DHL’s German operations to safeguard against volatile order situations. According to the newspaper, such a move would affect 10,000 jobs.

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Deutsche Post shows interest in Japanese postal service

Posted by | Jan 16, 2005 | |

German postal service Deutsche Post is showing an interest in its Japanese counterpart Yubin which is set for privatization in 2007, a report to appear Monday said.

Focus weekly news magazine said Deutsche Post chief executive Klaus Zumwinkel is heading for talks this week with Japanese Prime Minister Junichiro Koizumi.

According to the report, Zumwinkel will be expressing Deutsche Post’s interest and outlining Germany’s experience with privatization. Deutsche Post is also negotiating a possible cooperation agreement with Yubin.

Last week, Zumwinkel said Deutsche Post would this year continue its strategy of expanding internationally in preparation for the loss of a monopoly on mail delivery at the end of 2007.

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Deutsche Post CEO to start talks over Japanese govt’s mail company

Posted by | Jan 16, 2005 | |

Deutsche Post World Net AG is interested in Japan’s state-owned mail service Yubin, which the Japanese government is set to sell into private hands in 2007, Focus magazine said in a report to be published tomorrow, citing no sources.
The magazine said Deutsche Post’s chief executive Klaus Zumwinkel is traveling to Japan to initialise talks with Prime Minister Junichiro Koizumi at the beginning of next week. It also said Deutsche Post is already in talks with Yubin over a possible cooperation.

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Deutsche Post meets 2004 profit targets

Posted by | Jan 14, 2005 | |

Deutsche Post managed to meet its full-year profit targets last year, chairman Klaus Zumwinkel said in comments released Friday.

Deutsche Post had been pencilling in underlying profit growth of 7.5-12.5 percent for last year compared with a figure of 2.975 billion euros (3.9 billion dollars).

That would mean earnings before interest, tax, depreciation and amortisation (EBITDA) had been expected to amount to 3.2-3.35 billion euros in 2004.

Zumwinkel told journalists at an event in Bonn on Thursday evening that the EBITDA target had been met.

Deutsche Post’s activities in the United States had turned in a loss of around 500 million euros, which was a “slight disappointment,” the chairman said.

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KfW to issue Deutsche Post exchangeable bond of at least 500 mln eur in Japan

Posted by | Jan 12, 2005 | |

German state development bank Kreditanstalt fuer Wiederaufbau (KfW) said it is to issue in Japan a 5-year Uridashi bond exchangeable into shares of Deutsche Post AG, worth at least 500 mln eur. The exact size of the bond depends on demand, but is expected to raise at least 500 mln eur, equivalent to 2.3 pct of Deutsche Post’s share capital or 25.4 mln shares, the KfW said in a statement.
It is the first foreign currency exchangeable bond ever to be offered by a non-Japanese issuer in Japan.

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