Tag: Europe

MaltaPost delivers healthy profit at mid year

Posted by | May 22, 2008 | |

For the six months ended 31 March 2008, MaltaPost p.l.c. registered a Profit before Taxation of euro 2.60 million as compared to euro 1.01 million for the same period last year. This represents an increase of 157% (euro 1.59 million) over the six months ended 31 March 2007. Earnings per Share increased to euro 0.060 from euro 0.023 in 2007.

• Turnover increased by 13.41% from euro 9.66 million to euro 10.96 million

• Cost-to-Income ratio improved to 76.64% from 89.65% for the same period last year;

• The Provision for Liabilities and Other Charges registered a positive movement of euro 401k over last year. This provision relates to amounts concerning ex-Government employees who had opted to become full-time employees of MaltaPost p.l.c. and who were entitled to rights which went beyond the National Insurance Scheme.

The decrease in provision arose on the reversion of some such employees to Government in the period under review.

Apart from an overall increase in business the performance during this period was enhanced by two events viz. increased volumes during the General Elections and philatelic/numismatic issues commemorating the introduction of the Euro.

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Poste Italiane flagged as Alitalia vehicle

Posted by | May 22, 2008 | |

Italy’s state-owned mail group Poste Italiane is again being flagged as a possible vehicle to rescue the ailing Alitalia, this time as part of a consortium.

Poste Italiane relies on 16 daily flights, some operated by Alitalia, to transport its mail and Italian media have already carried stories indicating it might be interested in the airline’s cargo business. Poste already operates its own cargo carrier, Mistral Air.

Poste’s CEO Massimo Sarmi cautioned that he has not yet been approached to join the proposed group.

He stressed that any decision to pick up pieces of the cargo business or to be part of a consortium would be based on business considerations.

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Deutsche Post supports the UN Convention on Biological Diversity in Bonn

Posted by | May 22, 2008 | |

Deutsche Post World Net is actively supporting the UN environmental conference in Bonn, where the parties to the convention on biological diversity will meet from on May 19. A central element of Deutsche Post World Net’s engagement will be supporting the opening event on May 19, which will be attended by UN representatives, German Federal Environmental Minister Sigmar Gabriel and the Mayor of Bonn, Bärbel Dieckmann.

Artists from all over the world will be on stage for an open air concert in Bonn’s Museumsplatz (Museum Square), including Irish singer Bob Geldof. Geldof is not only known as an artist, but also as an organizer of large benefit concerts such as Band Aid and Live Aid that support social projects.

The company is also providing the conference with logistical support and will be setting up a postal retail outlet in the conference center of the Hotel Maritim in Bonn from May 12 to 30. The glass facade of the Post Tower will also light up the evening sky on May 19 as well as during the height of the conference from May 27 to 30 with the number “2010,” which symbolizes the central target of the intergovernmental convention: to achieve by 2010 a significant reduction of the current rate of biodiversity loss around the world.

Deutsche Post World Net is actively supporting the success of the UN environment conference as part of its commitment to the city of Bonn, where ts headquarters is located and as direct part of its own climate protection program, GoGreen. As the first company in its industry to implement a measurable climate protection target, the Group aims to reduce CO2 emissions by 30 percent for every letter mailed, every container shipped and every square meter of space used by 2020.

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UPS to lay off staff and restructure in Spain

Posted by | May 22, 2008 | |

UPS is planning to restructure its operations in Spain affecting 230 of the company’s 1,300 employees in the country, with the main outcome expected to be the closure of its Vallecas storage centre in Madrid, according to the Spanish newspaper Expansión.
UPS made a net loss of euro 890,000 on turnover of euro 169 million in Spain last year, the business newspaper wrote.

The restructuring aims at bringing UPS’ operations across several sites on to its installations in the district of Coslada in Madrid, which has recently been expanded.

The Vallecas storage center to be closed down has a workforce of around 180. In view of the expected layoffs, UPS Spain offered union representatives negotiations on the issues of early retirement and transfer to the facility in Coslada.

In total, UPS’ Spanish network has 140 customer service centres, 19 distribution centres, five logistics centres and 700 vehicles, according to the newspaper.

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Austrian Post Acquires Belgian Pharmaceutical Logistics Company

Posted by | May 21, 2008 | |

The Austrian Post Group acquired a 100 pct shareholding of HSH Holding B.V.B.A. based in Belgium. HSH serves as a holding company for its two subsidiaries MIT N.V. and Distra N.V., specialising in non temperature-controlled pharmaceutical logistics, particularly in the health care segment.

In the 2007 financial year, HSH generated total revenue of about EUR 18m, with a work force of 180 employees. The geographical focus of its business activities, featuring 1.7m shipments or correspondingly 5m parcels, is the Benelux countries. Accordingly, following the acquisition of “Van Osselaer Pieters Colli Service“ (VOP) in Belgium and “Dedicated Distribution Services“ (DDS) in the Netherlands from DHL Express in 2007, Austrian Post is further expanding its position in the Benelux countries. These markets are closely linked to Austrian Post’s specialty logistics operations in Germany.

The acquisition of HSH Holding further strengthens Austrian Post’s foothold in the health care and pharmaceutical logistics niche.

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