Tag: Europe

Correos (Spain) cooperates in the collection of used mobiles campaign

Posted by | Dec 25, 2006 | |

Correos is one of the companies cooperating in the “Dona tu móvil” (literally “Donate your mobile”) campaign, organised by the Red Cross and the Entreculturas Foundation, which aims to obtain funds through the collection of used mobile phones to then use the funds for educational, development and integration projects. The campaign, which has just started, will last for an unlimited period.
In 400 of its offices, including all the main provincial offices, Correos will provide a container box for customers and users to leave the mobile phones they no longer use in. They will be placed in a prominent place on the office counter, alongisde the envelope-bags for those wishing to cooperate to pick up and insert their mobile phones into them; once they are in the envelope, they can be left it in any postbox or handed in in the post offices themselves.
This act of solidarity fits in perfectly with the Correos commercial policy, the aim of which is to convert post offices into multi-service centres, where the public can go to get more of their activities sorted out in less time. Correos adds this service to the wide range of products and services that it already offers its customers and users, alongside its traditional postal services.

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Royal Mail eyes Sainsbury chairman

Posted by | Dec 24, 2006 | |

The chairman of J Sainsbury, Britain’s second-biggest food retailer, has been approached to become deputy chairman of Royal Mail, making him a potential successor to Allan Leighton as head of the postal group.
Philip Hampton is one of three candidates to have been shortlisted for the job and a series of interviews have taken place with the headhunter appointed to handle the search. Bob Wigley, chairman of Merrill Lynch Europe and a non-executive director of Royal Mail, has also been approached but it appears he is reluctant to take on the post.

Hampton is seen as a strong candidate. As well as chairing Sainsbury he also been finance director at Lloyds TSB and BT. Royal Mail is keen to find a deputy chairman who can be groomed to succeed Leighton when he steps down in March 2008.
However, the search has been made more difficult because none of the candidates wants to move forward until the government has decided whether it is going to back a financial restructuring at Royal Mail and support issuing 20% of its equity, which is 100% held by government, to staff.

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France's La Poste to record EUR 700m profit for 2006

Posted by | Dec 22, 2006 | |

French national postal operator La Poste said yesterday it expected to record a EUR 700 million net profit in 2006, up by about 25% on the figure of EUR 557 million for 2005.

The 2006 operating margin (operating profit on sales revenue) will be around 3.5%, said the group in a statement. La Poste noted that its balance sheet would be hit by an exceptional reform-linked contribution of EUR 2 billion to the national pension financing system at the end of this year.

Internal investment this year on new hubs in Lorraine and Val de Loire and the modernisation of the postal network (1100 offices) reached EUR 1.2 billion, up from EUR 950 million in 2005.

The group spent a further EUR 550 million on acquisitions for its European express network, an increased presence in publishing ventures by its Courrier mail arm and Banque Postale’s move to take over 100% of its asset management activities.

For 2007, La Poste expects to increase turnover by 3%, excluding external revenue growth, and to improve its operating profit margin to 5.8% thanks to cost controls and reform of its pension financing.

Its mail revenues are budgeted to rise 1% in spite of falling volumes, while parcels and express revenues are expected to rise 7% while the Banque Postale aims for 4% growth.

La Poste will invest about EUR 1.4 billion next year, with 11 new hubs and sorting centres planned as well as the renovation of a further 1000 branches.

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Austrian Post completes acquisition of Germany's trans-o-flex

Posted by | Dec 22, 2006 | |

Austrian Post has officially completed the acquisition of a 74.9% majority holding in German express parcels company trans-o-flex.

The Austrian postal group announced that the existing trans-o-flex management headed by Klaus J. Heinz would remain in place. Thomas Doll, head of corporate controlling at Austrian Post, will also take on the role of trans-o-flex financial director.

Austrian Post plans to use trans-o-flex, and its European partner network Eurodis, as its main platform to develop its European B2B parcels distribution business.

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