Tag: Germany

Deutsche Post to restate eight quarters

Posted by | Nov 5, 2007 | |

Deutsche Post AG will restate earnings from eight quarters, Der Spiegel reported, citing Chief Executive Officer Klaus Zumwinkel.

The changes will be published Nov. 8 when the postal operator reports third-quarter earnings, Zumwinkel said, according to the German weekly magazine. The CEO said he aims to create “more transparency,” Der Spiegel reported.

Zumwinkel said Deutsche Post may distribute free newspapers if the business can be profitable, Der Spiegel added.

Bonn-based Deutsche Post is Europe’s biggest mail carrier.

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Springer and TNT in German mail deal talks

Posted by | Nov 2, 2007 | |

Publisher Axel Springer is in talks with Dutch mail and parcel group TNT about merging German mail services companies TNT Post and PIN Group.

The idea is to create a company that can challenge German market leader Deutsche Post once its domestic monopoly on letter deliveries ends at the start of next year.

The companies are talking about which strategic options they could take, and merging the number two and three in Germany is the most likely option.

Germany is due to abolish Deutsche Post’s letters monopoly and open the lucrative market to competitors.

Springer, publisher of Europe’s best-selling daily Bild, bought a majority stake in PIN Group for USD 735.7 million in June, upping its share to 63.7 percent from 23.5 percent.

TNT, the number two in Germany’s letter market, already owns 25.1 percent of German mail delivery firm ecoflash Briefservice.

The Dutch firm is seeking to compensate for shrinking mail volumes at home by growing abroad, particularly in Britain and Germany. It expects to benefit from European Commission plans to liberalise the European mail market by 2011.

The idea is to tap into the letter market business because it offers direct customer contact which is especially interesting in light of the booming mail-order business.

Delivery of subscription newspapers and magazines would also make Springer more independent from other logistic operations.

Deutsche Post and Springer have been at loggerheads since the dominant German mail company cancelled advertising worth around USD 1.2 million in Springer’s magazines and newspapers.

Springer called the move a punishment for media companies entering the postal delivery market.

Deutsche Post, Europe’s largest mail carrier, pulled the ads in reaction to a campaign by Springer to oppose the launch of a minimum wage in the postal sector, which it says would put Deutsche Post’s future rivals at a disadvantage.

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Germany's CDU party against postal services wage deal applying to whole industry

Posted by | Nov 1, 2007 | |

Germany’s CDU, the senior member of the nation’s two-party ruling coalition, has demanded that an accord between Deutsche Post AG and the ver.di union on minimum wages should not be declared binding for the entire postal services industry.

The collective bargaining agreement cannot be extended, as initially agreed by the government coalition, because it does not cover half of the industry’s employees, Die Welt newspaper cited CDU secretary general Ronald Pofalla as saying.

The Labour Ministry, led by Franz Muentefering from CDU’s coalition partner SPD, insists the bargaining agreement meets the conditions for general validity set forth by the government, Die Welt said.

Deutsche Post Chief Executive Klaus Zumwinkel claims Pofalla is overstating the number of postal services workers, thus underestimating the percentage covered by the agreement, Die Welt reported.

The government in August said it is planning to declare the wage agreement binding for the entire industry, drawing fierce criticism from logistics companies such as PIN Group AG and TNT NV, which are trying to make inroads into the German mail delivery market dominated by Deutsche Post.

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Express Delivery under Pressure to Add More Value as Parcel Service Closes the Gap

Posted by | Oct 31, 2007 | |

Europe’s parcel and express delivery business is expected to continue to grow at a higher rate than in previous years due to an increase in business-to-consumer (B2C) traffic and strong international demand, according to new research by market analyst Datamonitor.

However, the research, “European Express Market Map 2008,” which covers 12 major European markets, says that although currently exhibiting a higher growth rate than parcel services, express services are going to have to demonstrate extra value as customer demand is shifting to using cheaper yet reliable parcel services in key growth areas of international and business-to-consumer (B2C) delivery services.

“Over the next five years, the B2C and C2C (consumer-to-consumer) sectors will experience faster growth than B2B (business-to-business), due to increased e-commerce activity, especially in less mature home delivery markets such as Italy and Spain,” said Erik van Baaren, Datamonitor express analyst and author of the study.

International services are also growing at a higher rate primarily due to the enlargement of the European Union and the trend to centralize operations to fewer countries and outsource manufacturing to low-cost countries, according to van Baaren.

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