Tag: France

The French post office, La Poste, is set to announce a 49 per cent rise in its net profits for 2005, to 557m euros, having been expecting just over 400m euros. An operating margin of 3.6 per cent is forecast (up from 2.8 per cent in 2004), broadly in line with the 3.5 per cent predicted in December. Chairman Paul Bailly should tell his board on Monday that turnover was up by 3.6 per cent to 19.35bn euros, with operating profits increasing by 35 per cent to more than 700m euros.

La Poste, the French national postal services group, has announced an increase of nearly 50 per cent in its net profit for 2005, to 557m euros, for a 3.5 per cent increase in turnover, to 19.3bn euros. This positive performance comes on the back of an improvement in the group’s operating margin, which increased from 1.7 per cent in 2003 to 3.9 per cent in 2005. The group is facing the challenge of the complete liberalisation of the postal services market in 2009. Some 65 per cent of its turnover is already generated on markets open to competition, and 15 per cent of it is generated abroad.

The French post office, La Poste, is set to announce a 49 per cent rise in its net profits for 2005, to 557m euros, having been expecting just over 400m euros. An operating margin of 3.6 per cent is forecast (up from 2.8 per cent in 2004), broadly in line with the 3.5 per cent predicted in December.