Tag: Deutsche Post

Deutsche Post Austrian talks near collapse

Posted by | Aug 23, 2004 | |

Plans by Deutsche Post to acquire a majority stake in Austria’s post office are on the brink of collapse over the lack of political backing.

The Austrian deal is central to the German postal and logistics supplier’s plans to expand its pan-European mail network.

OIAG, the Austrian state holding group and 100 per cent owner of the post office, was considering the privatisation of 50 per cent of the country’s post office by 2006.

OIAG is still considering various options, including the search for a strategic partner.

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Deutsche Post Eur150m media spend up for review

Posted by | Aug 6, 2004 | |

German company Deutsche Post World Net, owner of Deutsche Post, Postbank and DHL, is reviewing its national and international EUR150m (GBP99.2m) media planning and buying accounts, currently split between Mediaedge:cia and Carat.

The incumbents will repitch for business along with Starcom MediaVest, Initiative Media and Mediaplus. The decision will be made this autumn from the company’s German headquarters.

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DHL sees Asian express logistics market share grow 1-2percent

Posted by | Aug 2, 2004 | |

DHL, which Deutsche Post World Net AG wholly owns, said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations.

‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.

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Deutsche Post Raises Goal – Postbank IPO Helps Profit

Posted by | Jul 30, 2004 | |

Deutsche Post AG, Europe’s largest postal service, raised its earnings forecast for the year after a gain from last month’s sale of stock in the consumer-banking business helped boost second-quarter profit 87 percent. Deutsche Post shares rose as much as 3.4 percent.

Earnings before interest, taxes and amortization in 2004 will probably rise by 7.5 percent to 12.5 percent and will reach “at least” 3.6 billion euros (USD4.3 billion) in 2005, Chief Executive Klaus Zumwinkel told journalists in Bonn. The previous forecast had been for growth of 5 percent to 10 percent in 2004.

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