Tag: Germany

Deutsche Post World Net: Business on track in 2007

Posted by | Nov 8, 2007 | |

Deutsche Post World Net completed the first nine months of the year according to plan. Once again, all divisions contributed to the 5.3 percent increase in revenue to 46.5 billion euros. At 2.5 billion euros, EBIT was slightly below last year’s level, which included non-recurring gains totaling 375 million euros. Excluding these non-recurring gains, the underlying EBIT rose about 10 percent. The strongest earnings growth was achieved by the LOGISTICS and EXPRESS divisions.

“The first nine months of the year were right on target,” Chairman and Chief Executive Officer Klaus Zumwinkel said at a press conference in Frankfurt. “We succeeded in our efforts to further increase the profitability of the EXPRESS business; and the LOGISTICS division has also made positive strides in terms of growth and new customers.” In addition to that, FINANCIAL SERVICES with Deutsche Postbank had a strong quarter and recorded a substantial increase in profit despite the turbulences in the financial markets.

All in all, Deutsche Post World Net now expects EBIT excluding non-recurring effects of around 3.7 billion euros for the full year of 2007, slightly more than the at least 3.6 billion euros forecast earlier. Therefore, the management board will propose to raise the dividend for 2007 by 20 percent to 90 cents per share from 75 cents per share.

As part of its capital markets program also presented today, Deutsche Post World Net plans to change the way it will report its business prospects in the future. Deutsche Post World Net will communicate specific earnings targets for the following year.For 2008, the Group expects EBIT to rise 14 percent to around 4.2 billion euros.

Read More

Deutsche Post World Net presents capital markets program

Posted by | Nov 8, 2007 | |

Deutsche Post World Net today presented its “Roadmap to Value,” a far-reaching capital markets program to use the company’s excellent market position to generate more value for its shareholders. The program is aimed at making Deutsche Post World Net the most attractive investment in the logistics industry in addition to being the No. 1 choice for customers and employees.

The capital markets program “Roadmap to Value” is aimed at making the group the most attractive investment in the logistics industry.

With a comprehensive profit improvement program affecting all units and divisions, Deutsche Post World Net plans to generate 1 billion euros to underpin EBIT growth through 2009. In order to boost cash, the Group aims to reduce net working capital by 700 million euros and raise at least 1 billion euros in proceeds from the disposal of real-estate and other non-strategic assets over the next two years. The management board will also propose to raise the 2007 dividend by 20 percent to 90 cents per share compared with 75 cents per share for 2006. To help increase transparency, Deutsche Post World Net will unbundle its SERVICES division and in principle has committed itself to a stable reporting structure in the future.

In order to establish the value-based approach throughout the Group, Deutsche Post World Net will introduce a new performance metric. The metric, EBIT after Asset Charge, is aimed at motivating managers to generate more value from their day-to-day businesses. Chief Financial Officer John Allan: “The new metric will help us leverage our strengths and attack our weaknesses in order to raise returns for investors and to serve customers even better. We have highly motivated, best-in-class managers and employees around the globe and I am very confident that they are going to rise to this challenge.”

Read More

DPD opens parcel shops at Staples stores

Posted by | Nov 7, 2007 | |

DPD has opened parcel shops at 56 stores of the office supply chain Staples in Germany to further develop its B2C business and broaden its product portfolio. Staples previously cooperated with GLS.

Staples expects to enhance its product portfolio with the new parcel shops, the DVZ transport newspaper reported. Managing director Sönke Feuerherm said Staples could offer customers nationwide parcel deliveries at attractive prices. The price is based on the box size rather than on weight.

“The Staples stores provide first-class locations, good service quality and high customer orientation”, DPD CEO Hans Fluri was cited as saying. The parcel company expected to increase its competitiveness with the new cooperation.

According to the DVZ, DPD agreed a deal with Staples for lower prices than had previously been the case with GLS.

Read More

Logistics giant Deutsche Post to unload property worth 1.5 bln euros

Posted by | Nov 7, 2007 | |

Deutsche Post plans to sell property worth up to 1.5 billion euros (USD 2.17 billion) to generate cash and boost its shares, a press report said yesterday.

Deutsche Post said it had hired U.S. bank Morgan Stanley to organize the sale of real estate it was no longer using or which will be emptied soon, the Financial Times Deutschland said, citing industry sources.
Deutsche Post, which owns the logistics company DHL, wants to boost its profitability in the face of disgruntled investors who have seen their shares fall below the level they were listed at in November 2000.

The property reportedly includes offices, warehouses and distribution centers, including 50 sites outside Germany, which had potential annual rental income of around 90 million euros, the report said.

A spokesman for Deutsche Post declined to comment.

Deutsche Post’s chief executive Klaus Zumwinkel and chief financial officer John Allan were set to present a new capital market strategy Thursday when the group releases its third-quarter earnings.

In its 2006 annual report, Deutsche Post said it owned real estate worth 5.22 billion euros.

The news boosted Deutsche Post shares, which gained 1.29 percent to 20.34 euros in morning trading on the Frankfurt stock exchange, where the DAX index of leading shares was 0.36 percent higher overall. Deutsche Post shares had traded at 21.4 euros in November 2000.

Read More

Provisional results of the survey on working conditions in the licensed letter service

Posted by | Nov 6, 2007 | |

The Federal Network Agency has evaluated the data collected so far in its
survey of licence holders on basic working conditions in the licensed letter
service and passed them on to the Advisory Council.

“These are provisional results with no real surprises”, Agency President,
Matthias Kurth, said. They show no significant deviation from the findings of
the study on working conditions in the letters market published last May by the
Bad Honnef consultancy WIK. Confirmed in particular was a clear gap in wage
levels, both between the old and the new federal states and between individual
groups of postal staff.

The evaluation currently shows the weighted average hourly wage for staff
employed by operators competing with Deutsche Post AG, depending on the
region, to vary from around six to 10 euros (national average EUR 8.30). The hourly
rates for letter delivery staff are also in this range. However, the national
average is lower at EUR 7.33.

In June 2007 the Agency sent out a questionnaire to some 1,500 licence holders
to collect data for an empirical study of wage levels, weekly working hours and
holiday entitlements. Despite initial legal problems regarding the scope of the
survey, 1,321 completed questionnaires have been received to date, a return rate
of around 87 percent. These companies, in turn, represent about 85 percent of
the postal staff employed by the competitors.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest