Tag: France

Jean-Paul Bailly, chairman of La Poste, intends to overhaul the country’s postal system to bring it up to par with the needs of 21st-century France. Mr Bailly plans to bring more work to underused branches, including the assumption of some local-government functions or sale of tennis-court reservations or train tickets. Through the reforms, the La Poste chairman is seeking to upgrade mail service, create ties with small businesses and boost revenue from financial services.

The French state-owned post office operator, La Poste, expects sales to rise 3 pct in 2005 on a like-for-like basis, according to the provisional budget approved by the board.

It foresees an operating profit margin of 3 pct in 2005, up from the 2 pct margin expected in 2004, and said it will earmark 982 mln eur for internal spending.