Tag: Europe

Deutsche Post rated second class

Posted by | Aug 28, 2007 | |

German mail operator Deutsche Post is not going to have a very happy new year in 2008 when the German postal sector is liberalized, say the analysts that downgraded the stock on Tuesday.

Although there have been efforts to delay the liberalization of Europe’s 88 billion euro (USD119.9 billion) mail market, which was pushed back to 2011 from 2009 in July, Germany is still on target to open up its national postal sector to competition at the start of next year.

“A delay to German mail liberalization (scheduled for 2008) now seems unlikely,” said Matthew Lloyd, analyst with Goldman Sachs. He told clients that Deutsche Post faced volume loss and margin erosion from increased competition, and downgraded the stock to “Sell” from “Buy.”

Shares in Deutsche Post fell 67 eurocents (91 cents), or 3.1 pct, to 20.82 euros (USD28.37) in Frankfurt. The stock finished bottom of the DAX index, which slid 28.52 points, or 0.4 pct , to 7,457.47.

Although Deutsche Post currently has over 90 pct market share in Germany, the threat to its business from outside competition has seen the company forecast a drop in earnings between 10 pct -20 pct in 2009.

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Hermes Logistik Gruppe to enter German letter market in 2008

Posted by | Aug 28, 2007 | |

Hermes Logistik Gruppe, a Hamburg-based logistics groups, plans to enter the German letter market in 2008, its Managing Director Hanjo Schneider told Hamburger Abendblatt.

He said that from January customers could use the company’s 13,500 parcel stations to post letters.

Schneider added that prices will be 15-20 pct below current postal tariffs of incumbent Deutsche Post World Net AG.

The letters, which will take two days to deliver, will be distributed by TNT NV’s TNT Post, in which Hermes owns a 29 pct stake.

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Polish Postal Bank Pocztowy signs agreement for Market Risk and Asset Liability Management with IRIS

Posted by | Aug 28, 2007 | |

Bank Pocztowy, a subsidiary of the State savings bank PKO BP, has signed for riskpro Market Risk and ALM. The scope of the project will include Basel II Standard approach in a later stage.

The Postal bank, which caters to small, village clients providing simple banking products, chose riskpro over other competitors because of the ease of use and flexibility of the software. “We required a tool that could help us to efficiently solve our issues in a cost efficient manner, and we didn’t want to spend a long time learning to program complex scenarios. riskpro has fulfilled our expectations in this and many more aspects” said Katarzyna Dresler, project lead of the riskpro implementation.

riskpro is currently being implemented at the bank by IRIS’ local partner in Poland, Bazy i Systemy Bankoe. In a second phase of the project Bank Pocztowy will also use riskpro to address the bank’s needs in the areas of IFRS and Impairment.

“It is an honor for us to serve Polish Post Bank besides the German Post Bank and the earlier Austrian Post Bank. Once again riskpro’s qualities for analysis and simulation of large retail operations are confirmed”, expressed Andreas Jaek, Head of IRIS Sales & Marketing.

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PIN opens first Post Shop in Germany

Posted by | Aug 28, 2007 | |

PIN Group German private mail operator PIN Group will open its first Post Shop in a regional bank to test whether to develop a nationwide network of retail outlets. This would be Germany’s third postal network behind Deutsche Post and the planned opening of 13,000 Hermes parcel shops to TNT Post.
In a pilot project, PIN Mail will offer postal services in the savings bank of Siegen in North Rhine-Westphalia from 1 September 2007. Further Post Shops will follow in other savings banks in the north-west German state over the following few weeks. If the tests are successful, the cooperation will be extended to other savings banks across Germany.
The Post Shops will sell PIN Mail stamps and accept items for delivery through PIN Mail. The new partnership will also be represented in a joint stamp to be issued on 1 September 2007.
The pilot project is a strategically important step for PIN to make its services available to consumers and small businesses. So far, it has focused on large companies and organizations with regular mail volumes. The move is similar to that of TNT Post which will start to market its services through the 13,000 Hermes Parcel Shops in Germany from January 2008.
PIN Group, now majority-owned by the Axel Springer publishing group, is aiming to increase revenues from EUR 168 million last year to some EUR 350 million this year. Earlier this month, it was announced that Axel Springer’s logistics chief Karsten Böhrs would join the company’s board as COO with responsibility for logistics and sales, and Julian Deutz, CFO for Springer’s magazines division, would become CFO.

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GLS France launches Global Business-Parcel

Posted by | Aug 27, 2007 | |

Since the beginning of July GLS France offers the Global Business-Parcel. This new product allows shipment to 50 additional destinations, thus rising to 85 the number of countries delivered around the world. Delivery times vary from 4 to 10 days, according to the country.

This product allows GLS France customers to export their parcels to the main countries around the world, receiving national, European and global services from one hand. Among the new countries served are the USA, Canada, Mexico, Argentina, Brazil, Russia, India, Taiwan, China, Japan, Senegal, Ivory Coast, Maghreb countries and French overseas departments and territories (DOM-TOM).

To accompany its customers in the specific management of their international shipments and accelerate deliveries, the clearance through customs is included in its offer.

With the Global Business-Parcel, the harmonized operational processes and the interconnected IT systems allow a high level of security to customers in their shipment throughout the world. The shipment tracking, according to GLS standards, offers regular information on parcel position.

Parcels are collected according to usual conditions: collection times are defined within a common agreement, in order to respect the activity and process of each customer.

This service has no minimum shipment volume. The only requirement is to open a Global Business-Parcel dedicated account with GLS approving the specific sales conditions. As a complement of the product and service range, this product will be proposed as a complementary offer to existing deliveries in France and/or in Europe.

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