Tag: Europe

A profit of DKK 371 million in the first quarter for Post Danmark

Posted by | Apr 29, 2008 | |

In the first quarter of 2008, Post Danmark achieved a profit after tax of DKK 371 million as a result of growing revenue and decreasing expenses. This is an improvement of DKK 86 million compared with the DKK 285 million profit after tax achieved in the same period last year.
Profit before tax was DKK 462 million compared with DKK 368 million in the same quarter the year before.
Despite declining letters volume, revenue rose for letters, the main reason being customers’ slower than expected change to using the new low-priced C letter product. Revenue fell for daily newspapers, magazine mail and local weeklies compared with the same period last year, while revenue and volume rose for unaddressed mail and parcels.
A positive trend was also seen in income from associates and joint ventures with a profit of DKK 106 million compared with DKK 76 million in the same quarter the year before. The increase was driven mainly by growth in revenue and a fall in expenses for the Belgian De Post – La Poste.
Post Danmark’s total income amounted to DKK 3,165 million in the first quarter, up DKK 41 million on the same period in 2007 where total income amounted to DKK 3,124 million.
The expectations for 2008 are maintained. In practice, this means total income on a par with 2007, an improved operating profit because of decreasing expenses and a somewhat higher profit before tax.

1 DKK = 0.207611 USD

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Gala awards celebrate strength of PalletForce network

Posted by | Apr 29, 2008 | |

PalletFORCE’s sixth annual Gala Awards Dinner on Saturday 12th April highlighted the strength of the Network, with a record number of Member Depots being recognised for their contribution.

Held at the Royal Lancaster Hotel in London and attended by 430 Shareholder Members and staff, the event rewarded the Network’s outstanding performers over the past year.

The event’s top prize, PalletFORCE Depot of the Year, was this year renamed as the PalletFORCE Depot of the Year – The Robert Bedford Award in honour of the Bedfords Transport Depot Principal and PalletFORCE Non-Executive Director, who died in 2007. The award was won by Edwin C Farrall & Sons for the fourth time.

Ge-Be Transport was voted Members’ Depot of the Year, whilst the Sales & Marketing Award was won by Owens Road Services. The Members Service Committee Award went to White Logistics.

A new category, Networkers of the Year, singled out twelve Member Depots who, in the opinion of the Network, had ‘shown a true Network spirit and had gone that extra mile’ over the past twelve months. Those chosen were Horley Road Services, UK Freight Masters, Alan Firmin Ltd, Freightforce, Online Roadways, JBT Ltd, White Logistics, Price Express Transport, Beattie Bros Transport, R G Bassett & Sons, John Jempson & Sons Ltd and Abacus Transport

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HayPost introduces insurance services Partnership to be signed with INGO Armenia

Posted by | Apr 29, 2008 | |

April 23, 2008. HayPost and INGO Armenia have signed an agreement today that will intend for HayPost to provide insurance products to all customers in Armenia.

As of June 1st, HayPost offices will extensively begin selling insurance packages to everyone, ensuring a high accessibility of insurance to all customers, regardless of their location and socio-economic status. HayPost staff is being trained and will obtain the utmost professional qualifications to address and grant INGO Insurance products.

“This is a highly important partnership for HayPost,” states Hans Boon, Director General of HayPost. “As part of our expansion plans in the postal and financial services, and in combination with the Postbank, HayPost will increasingly establish itself as a ‘one-stop’ service center to make accessible all services to even the most disadvantaged customer.”

“All the required documentation is being sent to the Central Bank of Armenia to provide HayPost with the insurance license,” states Levon Altunyan, Executive Director of INGO Armenia. “Our partnership with HayPost is highly relevant for us and will be the basis of a sustainable and increasingly substantial strategic collaboration.”

The key result of this partnership will be that all underserved customers – far and wide – will have direct and easy access to HayPost and its postal, financial and now insurance services.

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trans-o-flex puts European network on new footing

Posted by | Apr 29, 2008 | |

trans-o-flex have laid a new foundation for their European distribution network Eurodis. “We have re-launched Eurodis GmbH, the management company of our specialist 21-country network,” explains Klaus J. Heinz, Executive Board Chairman. “Now we are in a position to welcome our key international partners as shareholders with similar rights and obligations and to involve them in the development of the network.” Redur Lozano, the Spanish Eurodis partner, has already taken this up and acquired a 20 pct stake in Eurodis GmbH. At present, trans-o-flex and the Austrian Post each hold 40 pct of the stock, but they are prepared to halve their holdings to take other partners on board.

While other international networks are usually managed and controlled from a single national perspective, Eurodis can become the first truly international alliance thanks to the equitable shareholding structure, according to Heinz. “Our target is to offer Spanish solutions in Spain, English ones in England and French solutions in France.” Equally, the cross-border ownership of shares serves to reinforce the partners’ mutual ties.

In parallel to the changes on the capital side, the role and functions of Eurodis GmbH are growing. Apart from its coordination aspect, it will in future also manage and control the international alliance. It will manage the partners and the financial adjustments between them, known as clearing, and be responsible for international shipment track and trace and the further development of it.

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City Link confirms commitment to major customer with new joint liveried trailer

Posted by | Apr 29, 2008 | |

City Link has reinforced its ongoing commitment to Karndean, a flooring supplier, with the presentation of a joint liveried trailer.

The eye catching vehicle serves to raise the profile of both companies. City Link will use it to deliver Karndean’s design flooring to retailers and commercial contractors across the country.

Stuart Godman, City Link’s Sales and Marketing Director, said: “We have been working closely with Karndean over the past three years to deliver a quality service to flooring customers. This liveried trailer is a sign of our commitment to continue this successful partnership and maintain a high standard of service.”

Karndean’s Operations Director, John Wright, commented: “City Link has played a key role over the past three years in supporting Karndean’s commitment to quality customer service. We look forward to continuing this partnership and using this trailer to meet the needs of our valued customers. ”

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