Tag: Deutsche Post

Loukas Rizos to resign from Postbank's Management Board in Germany

Posted by | Oct 23, 2007 | |

Loukas Rizos, member of the Management Board responsible for financial markets at Deutsche Postbank AG, is exercising his contractual right and will leave the bank on June 30, 2008, to take on a new responsibility at another financial institution.

Postbank’s Supervisory Board and Management Board regret this move. The company will name a suitable successor by the above-mentioned date.

Mr Rizos has been with the bank since 2000. His responsibilities include the treasury, dealings, and consortium business. He is responsible for Postbank’s investment policy and, as chairman of the administrative board, the business of the Luxembourg subsidiary.

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Deutsche Post expands outlet network for business customers

Posted by | Oct 21, 2007 | |

Deutsche Post today began testing special business mail drop-offs for letters and parcels at 38 locations. The company will be testing these additional posting offices for business customers at a total of 100 locations throughout Germany until late 2007. Since April, Deutsche Post has been conducting a pilot project with business mail drop-offs at five locations in Dortmund for those business customers who must otherwise make daily trips to retail outlets to post their items. Deutsche Post is thus responding to the desire expressed by this customer group for faster and easier handling of posting. The new drop-offs will also relieve some of the burden on retail outlets and further reduce waiting times at these locations.

The 100 new business mail drop-offs planned will augment the approximately 120 existing bulk mail acceptance offices throughout Germany which have for years now been accepting large quantities of letters and parcels from business customers. In June, Deutsche Post announced that it would be testing 600 new Postpoints to be opened by the end of the year with a focus on serving private customers. Starting in 2008, Deutsche Post will then be available for its customers at more than 13,700 locations in Germany. Added to this are the approximately 900 Packstations open for drop-off and pick-up of small packages and parcels around the clock. The number of these stations will grow to 2,400 by the end of 2009.

The pilot testing of the new drop-offs is part of the worldwide “First Choice” service campaign launched last year. As part of this campaign, the Group is seeking to become the first choice for all customers in search of a logistics service provider.

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Business deserts Post Office in the UK

Posted by | Oct 16, 2007 | |

Small businesses are ready to desert Royal Mail and switch to private sector delivery rivals after counting the cost of the damaging postal dispute, a survey shows.

More than half the small companies surveyed for the British Chambers of Commerce (BCC), say they are more likely to use alternative services to reduce the risk of further disruption to their business.

Rival mail services, the internet or a personal limited service for key customers are among the options they are exploring.

Royal Mail is braced for a backlash from dissatisfied customers, but is banking on higher rates charged by rivals to prove a deterrent for business customers to switch. The weekend BCC poll, based on replies from 183 members, showed 62pc of them have already started using alternative services to send and settle invoices, while 88pc have seen their businesses suffer from cash-flow problems and lost orders and other costs involved in meeting the cost of the strike.

Natalie Evans, head of policy at BCC, said the survey results hammered home the damage to Royal Mail and the loss of confidence among customers. “It will not be easy for Royal Mail to regain their confidence,” she said.

Royal Mail has seen business shrink even before the strike with the loss of 40pc of its bulk-mail business. Rivals TNT, Business Post and Deutsche Post have been working flat out during the strike to ensure they keep the new business.

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Deutsche Post CEO Zumwinkel Confirms 2007 Ebit Guidance

Posted by | Oct 15, 2007 | |

German mail and logistics company Deutsche Post AG at the weekend confirmed its 2007 guidance for earnings before interest and taxes, or Ebit, and despite the uncertain U.S. economy, still sees an increase possible this year.
Chief Executive Klaus Zumwinkel, who was visiting Moscow at the weekend, said he can confirm the outlook now the third quarter has ended; Ebit for 2007 is planned to reach EUR3.6 billion from EUR3.5 billion a year earlier.
Zumwinkel reiterated that it is possible the company will increase its guidance. This was mentioned earlier in the year after the Bonn-based, DAX company delivered its half-year results.
Deutsche Post’s unit Express, like its peers United Parcel Services Inc. (UPS) and FedEX Corp. (FDX) faces a weak U.S. market, said the CEO.
The CEO also confirmed this year’s guidance for the company’s business segments. Express will reach an Ebit of at least EUR400 million, while logistics could reach operating profit of around EUR900 million.
The medium-term goal for the business in the Americas has not been lowered, and Deutsche Post still plans to reach break-even by the end of 2009 in the Americas, he said.
In 2003, Deutsche Post acquired U.S. Express postal service Airborne. After this takeover, the company incurred losses that are valued in the three-digit million euro range. The company said it would break-even on two occasions, but is still to do so.
The CEO has replied to criticism surrounding the losses by saying it is inevitable for a conglomerate with international customers, like Deutsche Post, to do business in the U.S.

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European Commission pleased with Royal Mail's efforts in preparing the U.K. for liberalisation of E.U.

Posted by | Oct 11, 2007 | |

Poor service and intermittent strikes continue to spur the company’s customers to patronise competitors such as TNT and U.K. Mail Ltd, as resistance to using alternatives to the Royal Mail erodes as the British market opens to competitors.

The anger among Royal Mail’s customers caused by the disruption should be good news for the likes of Deutsche Post that are eyeing the U.K. market post-liberalization in 2011.

Royal Mail customers have unsurprisingly looked elsewhere for postal services after four days of strike action this week and threats of more disruption to the Royal Mail’s postal service.

It’s 40 pct less productive than rivals such as Deutsche Post, down mainly to the strong labor union that prevents the automatization seen in rivals’ operations. The union’s also ensured that Royal Mail workers are paid 25 pct more than competitors’ too.

Management has a long way to go to get the company ready for full competition.

But as good as the strike may be in the long-term for Royal Mail’s competitors, in the short-term it’s bad for the U.K. economy.

Retail sales are one of the few remaining drivers of an increasingly fragile U.K. economy, after house prices have begun to fall, business confidence has dropped and the official outlook for GDP growth in the U.K. for 2008 has been cut by 50 basis points.
Retail sales over the Internet stand to be hit by the postal strike. That’s worrying because they comprise 15 pct of total sales, worth GBP4 billion in July, according to the Interactive Media in Retail Group.

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