Tag: Deutsche Post

Germany May Trim Postal Monopoly

Posted by | Apr 18, 2002 | |

The German government on Wednesday proposed trimming its profitable postal service’s letter monopoly in response to a European Union ruling but Deutsche Post will still carry most of the mail.

Deutsche Post, which also has express mail and financial-services businesses, enjoys a legal monopoly on delivering letters up to 200 grams for at least 50 U.S. cents. The proposal would narrow the monopoly to letters weighing 100 grams or less at the beginning of next year and to 50 grams or less in 2006, under an EU plan to permit more postal market competition.

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Deutsche Post still very dependent on monopoly

Posted by | Apr 9, 2002 | |

In 2001 Deutsche Post World Net revenue rose by 2.1 per cent to 33.4 billion euro while profit from operating (Ebitda) increased by 7.3 per cent to some 2.6 billion.
CEO Klaus Zumwinkel suggest a higher dividend for shareholders, 37 cents per share, an increase of 37 per cent.
Deutsche Post increased its net profit for the period before minority interest (profit after tax) by 4.3 to around 1.6 billion euro, raising earnings per share also by more than 4 per cent from 1.36 to 1.42.

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Deutsche Post has no expectation of share placement this year

Posted by | Apr 9, 2002 | |

Deutsche Post AG, the German postal operator, has said that it does not expect the country’s government to place any more shares in the company in the current year. The group’s current share price is less than ideal for a placement. Having fallen by 2 per cent to 16.55 euros on Friday, it made a slight gain on Monday, but is still a long way off its issue price of 21 euros, as well as its all-time high of 24.70 euros.

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