Tag: Deutsche Post

Deutsche Post shares plummet over North American woes

Posted by | Sep 29, 2004 | |

Deutsche Post shares dropped sharply on the Frankfurt Stock Exchange Wednesday after the company said that its U.S. operations will remain in the red for a year longer than was originally estimated.

Just after noontime, Deutsche Post shares were about 3.3 per cent lower at 15.94 euros – a drop which was running counter to the overall rise of 1.1 per cent on the 30-share DAX.

The negative response by investors came despite an assurance by Deutsche Post that its earnings this year would not be affected because of an upturn in Asia and in other business operations.

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Deutsche Post buys stake in Spanish Unipost

Posted by | Sep 28, 2004 | |

Deutsche Post said on Tuesday it had acquired a 38-percent stake in the private Spanish delivery service Unipost for an undisclosed sum. The German giant also had the option to icrease its stake in Barcelona-based Unipost at a later date, a company spokesman said, confirming a corresponding report published in the daily Die Welt. Unipost, formed from the merger of a number of small companies, generated sales of 64 million euros (79 million dollars) last year and is targeting sales of 200 million euros by 2007.

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Clear direct marketing growth in Germany

Posted by | Sep 27, 2004 | |

Despite the critical overall economic situation, the direct marketing boom does not show signs of stopping. In 2003, German companies invested EUR 30.8 billion in direct customer dialog, 1.8 billion more than 2002. The number of companies active in direct marketing has also risen: last year, 994,000 set up direct customer approach. Addressed mailing retains first place among direct marketing instruments; 2003 company investments in this type of advertising came to EUR 10.7 billion. These are results of the Direct Marketing Germany 2004 (Direktmarketing Deutschland 2004) study, containing direct marketing data, facts and trends, presented by Deutsche Post at DIMA.

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Deutsche Post to close 1,000 branch offices by end-2005

Posted by | Sep 25, 2004 | |

Deutsche Post World Net AG is planning to close around 1,000 branch offices by the end of 2005, a spokesman for the company said.

‘After closing 600 branch offices this year, we will have a total of about 12,400 (branches). By next year, we will reach 12,000,’ he said.

The company said the goal of reorganising its network of branch offices — by closing offices in areas of very low demand — is to harmonize regulatory guidelines, customer demand and cost effectiveness.

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