Tag: Europe

Italy Postel net profit soars 400 pct Y/Y H1 2006

Posted by | Oct 10, 2006 | |

Italian postal services company Postel, a unit of Poste Italiane, registered a 400 pct yearly surge in net profit to 2.5 mln euro (USD3.2 mln) in the first half of 2006, compared to 600,000 euro (USD755,886) a year earlier. Operating revenue of Postel reached 193.7 mln euro (USD244 mln) between January and June 2006, against 161.1 mln euro (USD203 mln) booked for the respective period of 2005. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to 15.3 mln euro (USD19.3 mln) from 11.3 mln euro (USD14.2 mln), while operating profit stood at 9.9 mln euro (USD12.5 mln), compared to 5.1 mln euro (USD6.4 mln).
The company tackled a total 635 million mails, against 613 million a year earlier. Postel marked an annual 20 pct rise in operating revenue during the period, president Giovanni Ialongo said.

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TNT Post accelerates expansion in Germany

Posted by | Oct 10, 2006 | |

TNT Post announced it has been granted approval by the German Cartel authorities to take over Germany’s market leader in mail consolidation, PostCon Deutschland AG. TNT Post also announced it has expanded its own delivery network with another three businesses in the German federal states of Berlin-Brandenburg, North Rhine-Westphalia, and Lower Saxony. This reinforces TNT Post’s position as the number one challenger in the German market for delivering addressed mail. In 2006 TNT Post expects its revenues to increase to EUR 200 million. “TNT Post aims to increase its share of the German addressed mail market to about 10per cent within the next five years,” says TNT Post Germany Managing Director Mario Frusch, “making us the biggest competitor for Deutsche Post AG.”

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100percent takeover of Croatian direct marketing company Weber Escal by Österreichische Post AG

Posted by | Oct 10, 2006 | |

Austrian postal operator now active on the Croatian market not only in the parcel, but also in the direct mail sector

Österreichische Post AG is now present on the direct mail market not only in Hungary (feibra Hungary since September 2005) and in Slovakia (KOLOS s.r.o. since April 2006), but also in Croatia, with direct marketing company Weber Escal. After the signing of the contract in early October, closing is scheduled for January 2007.
Weber Escal, which was established in 1994, is active in the delivery of non-addressed mail items in Croatia, offering nation-wide coverage in this sector.

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One in every four post boxes still without a tab

Posted by | Oct 9, 2006 | |

A nationwide survey undertaken on 19th September by Postwatch, the watchdog for postal services, has revealed that one in every four post boxes fails to display the correct collection tab – despite Royal Mail’s commitment to fully reintroduce the tabs by June.

The survey found that of 1,647 post boxes visited:

” 301 did not display a collection tab
” 95 displayed an incorrect tab
” Leaving 1,251 post boxes displaying the correct tab – 76 percent of the total surveyed

Collection tabs are important to customers as they indicate the daily final collection from a post box has been made. Royal Mail removed them in 2002. Following customer complaints and a Postwatch campaign, the company then agreed to reintroduce collection tabs.

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Deutsche Post To Sell Vfw

Posted by | Oct 9, 2006 | |

German postal services group Deutsche Post AG plans to sell its wholly owned subsidiary, the local reverse logistics company Vfw AG, Deutsche Post reported on October 9, 2006.

The move is part of a portfolio management programme at the postal services group.

According to Deutsche Post, Vfw’s activities are not part of group’s core business. The group acquired Vfw at the end of 2005, alongside British logistics group Excel.

Deutsche Post said it had exclusively mandated German investment bank Metzler to carry out the sale of 100 pct in the subsidiary.

Vfw, which is one of the leading service providers in its sector in Germany, is planning to set up an alternative waste-processing service to rival the Green Point system of local rival Duales System Deutschland GmbH, Deutsche Post said.

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