French post office La Poste has issued a 580m-euro loan which will mature in 20 years. The bond issue was carried out with the help of ABN Amro, Barclays Capital and Natexis Banques Populaires. They will mature on 26 June 2023.
Read MoreNeopost today announced consolidated sales of EUR192.8m for the first quarter of its 2003 financial year (3 months ending April 30 03). This represents an increase of 14.8% compared to the first quarter of 2002 and of 27.0% excluding currency effects. On a pro forma basis, i.e. including Ascom Hasler and Stielow sales for the whole of Q1 2002 and Q1 2003, sales fell by 10.2%. Excluding currency effects, sales were slightly down 0.7%. Jean-Paul Villot, Neopost’s chairman and chief executive officer, made the following comments: ‘Our acquisitions are continuing to pay off, allowing us to generate sales growth of 27.0% excluding currency effects. On a pro forma basis, sales were stable (down 0.7%), in line with our forecasts. This is a very satisfactory performance for us, given the economic context and the high base for comparison in 2002 caused by the euro conversion programmes. We are especially pleased that, on a constant exchange rate basis, pro forma sales grew in our three main markets of North America, France and the UK in the first quarter.’
Read MoreThe French post office (La Poste) has stressed that, apart from the one-day strike on May 13, relatively few of its 320,000 employees have so far participated in the general industrial action taken against the French government’s proposed reforms to the pensions system.
Read MorePresentation at Rutgers 03 by Christinia Poga & Luis Jimenez of Pitney Bowes.
includes comparison of TPB, DP, La Poste, RM
P:LibraryRutgers 2003Jimenez Poga PBowes.pdf
The price of French postage stamps, unchanged since 1996, will increase from 0.46 euros to 0.50 euros, or by 8.7 per cent, on Sunday. The hike will bring France more into line with the European average of 0.65 euros.
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