Tag: Europe

DHL storms ahead with 79% operating profit jump

Posted by | Nov 14, 2005 | |

Deutsche Post’s logistics division DHL has shown strong performance in the first nine months of 2005, with a 15.6% increase in turnover to EUR5.7bn (USD6.6bn) and operating profits of EUR221m, up 79.7% year-on-year. ‘We have consistently and successfully continued our global strategy and after completing the acquisition of Exel we will be the leading logistics provider worldwide,’ chief executive Klaus Zumwinkel said. Of the logistics division’s turnover, DP’s freight business DHL Danzas Air ‘ Ocean contributed some EUR4.1bn, up 14.1%.

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Business Post Group plc – interim results and current trading

Posted by | Nov 14, 2005 | |

Business Post announces results for the half year ended 30 September 2005 in line with the trading statement of 21 September 2005, which highlighted a below-expectations performance by Express and the franchise network, together with successful trading in the rest of the Group. Financial highlights include: turnover increased by 21% to GBP133.0m, profit before tax and exceptional item totalled GBP6.2m (2004: GBP8.6m), impacted by the difficult economic conditions and reported pre-tax profit was GBP3.0m (2004: GBP8.6m). Parcel Services (Express, International and HomeServe) increased revenue by 8.6% to GBP97.7m, representing 73% of the Group total, but experienced mixed fortunes in a market that was among the most challenging in the Group’s recent history. Specialist Distribution Services (UK Pallets and Courier) made strong progress, increasing revenue by nearly 17% to GBP20.4m and UK Mail made excellent progress, increasing revenue almost six-fold, to GBP14.6m, representing 11% (2004: 2%) of the Group total.

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Postal row has outdated practices and must deliver change

Posted by | Nov 12, 2005 | |

Accountants Grant Thornton are due to report back to the National Implementation Body (NIB) today with their analysis of the cost of various new measures An Post would like to introduce.

A brief history of the story up to now is that An Post refused to pay wage increases under the National Partnership agreement until certain work practices were changed as part of the deal.

The State postal company called on a clause in the national wage agreement, namely inability to pay, to make its case. It seems that An Post can’t pay.

Two years ago, it was losing 40m per year and its extraordinary work practice legacy issues means that it has an overtime bill of around 40m per year.

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Italian and French post offices in financial-services venture

Posted by | Nov 12, 2005 | |

The Italian post office, Poste Italiane, and its French equivalent, La Poste, will jointly launch a mutual investment fund on Monday. From that day, customers of the two networks will be able to subscribe to the eight-year fund when they take out a life insurance policy with either Posta Vita in Italy or Services Financiers in France.

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Wells draws up TNT battle plan

Posted by | Nov 11, 2005 | |

With just under two months to go until the postal market is open to full competition, TNT Mail UK chief executive Nick Wells reveals how the TPG-owned group is planning to break Royal Mail’s 350-year grip on the delivery business.

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