Tag: Germany

Kuehne + Nagel International AG: Half year result

Posted by | Jul 23, 2007 | |

Kuehne + Nagel’s recent growth has moderated only slightly over the past six months, as seen through its half-yearly figures for the period Jan- July 2007 published last 29th July.

The headline profit figure, EBITDA (Earnings before Interest, Depreciation and Amortisation) which is the favored measure of the new logistics orientated K+N, grew by 12.6 pct compared to the first half of 2006, to CHF 467.9million on a turnover of CHF 9,968.3million, up 14.7pct . Net earnings grew by 27 pct. These figures are slightly below last year’s very high growth rates and suggest some tightening in margins.

K+N’s key sea freight business continues to grow strongly. Although a 15 pct increase in container volumes and a 13.6 pct increase in turnover reflect the buoyancy of the overall market, it claims it is still gaining market share. K+N admitted that margins were tightening yet still managed to return an operating profit growth of 15 pct .

Airfreight grew at an impressive 16 pct in terms of tonnage and 7.1 pct in turnover. Operational profit grew by 25pct and EBITDA margin was over 5pct .

Road and rail transport grew at 17.5 pct , but margins were much tighter with investment driving down EBITDA to CHF21.7million. However contract logistics jumped by 15.1 pct in terms of operational profits to CHF115million.

K+N indicated that it wants to grow its rail freight network business through acquisition in an attempt to improve its economy of scale. Six months ago it similarly indicated that it aimed to expand its road -freight network through acquisition; however it has yet to make a major purchase.

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Hermes Logistik will distribute goods for Lands’ End in Europe

Posted by | Jul 23, 2007 | |

German consumer parcel delivery company Hermes Logistik won a European delivery contract from US mail-order retailer Lands’ End.

Under the deal, Lands’ End is using Hermes to distribute goods ordered in Germany, while Parcelnet, the Hermes’ UK sister company, is handling distribution in Britain. The agreement will start to operate from16th September 2007.

Goods for German customers leave the European warehouse in Britain and the German warehouse the day after the order is received, are forwarded to the Hermes hub in Wiesbaden, and then delivered to homes or one of the Hermes Parcel Shops for collection.

Lands’ End is a direct merchant of traditionally styled clothing for the family, soft luggage, and products for the home. The company offer products through catalogs, on the Internet and in our Inlet stores.

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Harry Potter gets special delivery

Posted by | Jul 20, 2007 | |

In postal delivery centers all around the world, hundreds of small parcels marked “not to be delivered before 21 July” are being heavily guarded. The content of each package is the same: the latest novel recounting the adventures of Harry Potter.

On 21 July 2007, millions of copies of the seventh and final Harry Potter novel will go on sale in bookshops and other outlets. And for those who have already placed their order by mail, phone or Internet, it is often the postman who will deliver this long-awaited book.

In the United States, for example, USPS delivered 1.8 million books on Saturday, while in the United Kingdom Royal Mail delivered 600,000 copies; in other words, by the British operator’s reckoning, one UK household in 43 will receive the book by post. Canada Post distributed 80 000 copies. Swiss Post and France’s La Poste made also special deliveries on 21 July. Operators are pulling out all the stops to ensure that the millions of books were delivered on time.

From 2004 to 2005, the global number of ordinary parcels sent domestically and internationally rose by 11 pct, for a total of 6 billion parcels delivered annually representing 16 millions per day. It’s unusual for so many identical articles to be delivered within such a short space of time, and some postal operators have looked for innovative delivery solutions. For example, Deutsche Post, the German operator, and Swiss Post delivered the book to impatient readers shortly after midnight in 2005 (and also in 2003 in Germany).

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Postbank sells life insurance activities to Talanx

Posted by | Jul 18, 2007 | |

Postbank, the banking arm of the semi-privatised German postal service Deutsche Post, said Wednesday it has agreed to sell its life insurance activities, including the unit BHW Leben, to German insurer Talanx for 550 million euros (759 million dollars).

Hanover-based Talanx will also buy BHW Pensionskasse and Postbank’s 50-percent stakes in the two insurance joint ventures PB Leben and PB Versicherung, the two companies said in a joint statement.

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