Tag: Europe

UK DX Services plc – trading update

Posted by | Jul 5, 2005 | |

The leading independent provider of early morning, next day mail services. DX delivers over one million items each day and operates a UK-wide, end-to-end
network including collection, sortation and final mile delivery. The directors expect turnover in the year to 30 June 2005 to have been similar to last year (GBP131.9m in 2004). Operating profit before amortisation of goodwill and exceptional demerger costs is also expected to have been similar to last year (GBP32.7m in 2004), except for the effect of the additional costs of being an independent and listed company of up to GBP2m. Net debt is estimated at GBP60m at 30 June 2005. This is significantly less than market expectations and results in a lower than expected interest charge for the year.

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Poczta Polska on WSE in 2007?

Posted by | Jul 5, 2005 | |

Poczta Polska (PP) national postal service forecasts that the earliest possible time for its debut on the Warsaw Stock Exchange is 2007, announced PP Director General Tadeusz Bartkowiak. Before it goes public, PP will need to undergo commercialisation. Bartkowiak believes that changing the legal status to a joint stock company will be possible in 2006. In his opinion, commercialisation will broaden the company’s access to sources of financing. PP is currently carrying out an amended development strategy adopted in 2004. It wants to differentiate its revenues, increasing the number of financial services and products, as well as express and courier parcels.

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Soft drinks company Vrumona new customer of TNT Logistics Benelux

Posted by | Jul 4, 2005 | |

Soft drinks manufacturer Vrumona based in Bunnik, the Netherlands, has chosen for a partnership with TNT Benelux & Multi Country Logistics. Vrumona has engaged the TNT Logistics site at Maarssen to handle its point of sale materials (POS) for the coming years. Implementation of the Vrumona account began on 4 April 2005.

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SNCF sheds parcel arm

Posted by | Jul 4, 2005 | |

SNCF is poised to announce that it is relinquishing control of loss-making parcel delivery arm Sernam through a managment buy-out. The French state rail operator had invited offers for the company, through a European tender issued last autumn. However, of the 20 to 30 firms that made initial enquiries, none confirmed an interest in acquiring the company, which made a loss of EUR40m in 2003.

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Dempsey: Irish An Post will be wiped out

Posted by | Jul 3, 2005 | |

Communications minister Noel Dempsey has warned management and workers at An Post that the company will be wiped out” by competition unless it is dramatically reformed soon. The reality of this, and people have to grasp it, is that in 2009we will have a fully liberalised market, Dempsey said last week. And if we’ve a fully liberalised market, An Post as it exists today will be wiped out within, I would say, six months. Dempsey was blunt in his warnings to An Post, which has been beset by tensions between workers and management over a restructuring and rationalisation plan.

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