Postcomm today (1 March 2005) began a 30-day consultation on the proposed issue of a long term licence to Racer Consultancy Management Services Ltd, to provide bulk mail, consolidation and tracked business-to-business services.
Read MoreDeutsche Post World Net posted a 7.9 percent sales increase to about 43.17 billion euros in 2004 and fully met its earnings targets. At about 3.35 billion euros, Group operating profit (EBITA) was 12.5 percent higher than a year earlier, the upper end of the forecast range. Group net income rose by 21.3 percent to about 1.59 billion euros, or 1.43 euros per share. That compares with 1.18 euros per share in 2003. The Group tax rate was 20 percent in 2004. The company reaffirmed its EBITA-target of at least 3.6 billion euros for 2005.
“Over the past 10 years, the group has been focusing on privatization and internationalization. Our latest results show how far we have come in this process. We want to share the financial rewards of this development with our shareholders,” said Chief Financial Officer Edgar Ernst.
The price of a stamp in France will increase on Tuesday by 3 cents to 53 cents. The price of a stamp for delivery to Europe will become 55 cents. The last price increase was in June 2003 when the price was increased from 46 to 50 cents. This new increase should produce an additional 180 million euros in revenue for the mail division of La Poste which realised 10.6 billion in 2003
Read MoreOn 29 November 2004 Postwatch recommended to customers that they use 2nd class stamps at Christmas because the 1st class service performance had dipped significantly in the previous two years to less than 70 per cent delivered next working day. At the time we called upon Royal Mail to publish its Christmas performance levels so that customers would be able to make an informed purchase. Royal Mail has now published on its website performance figures for the 2004 Christmas period. In line with previous years these show that the 1st class performance over the Christmas period was 66.1 per cent delivered next day (compared with a target of 92.5 per cent). 2nd class performance was 93.9 per cent delivered within 3 days (compared with a target of 98.5 per cent). Commenting on Royal Mail’s Christmas performance, Peter Carr, Chairman of
Postwatch said: “The Royal Mail’s own performance statistics vindicate the
advice we gave customers. The value for money option at Christmas is to use
2nd class stamps at a saving of 7 pence per item.
TPG Q4 highlights include: express reaches 10% operating margin for the first time, logistics lifts margin to 4.1%, helped by standardisation programme, Wilson acquisition driving logistics revenue growth, integration is on track, higher growth in European Mail Networks and strong margin in Mail. The full year highlights include strong operating cashflow and net income growth and full year dividend lifted to 57 cents, up from 48 cents last year (subject to approval by the AGM.
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