Growth strategies in wholesale distribution
Growth strategies in wholesale distribution
Read MoreTag: Germany
Deutsche Post World Net partnership with UNICEF
As a form of its concern over a large number of children dying of curable or preventable diseases annually worldwide, Deutsche Post World Net is providing support to UNICEF. The humanitarian project is part of its strategic partnership with the institution responsible for the welfare of children.
Through the strategic partnership, Deutsche Post World Net is extending help in the efficient management of complex logistical processes in addition to a range of other contributions, as an in-kind donation to UNICEF which would help reduce child mortality worldwide.
The group has also been working with the UN Development Programme (UNDP) and with the UN Office for the Coordination of Humanitarian Affairs (OCHA) in the field of disaster management since December 2005. Here too, the Group provides OCHA and UNDP first and foremost with logistics expertise and the know-how and commitment of its staff.
Deutsche Post World Net’s global cooperation with UNICEF started with a project in Kenya and has been extended step-by-step on the basis of experience in the country. Through its logistics subsidiary DHL, Deutsche Post was able to contribute valuable assistance through its logistical support.
Read MoreCentreing on Europe’ s “most wanted” list
Centreing on Europe’ s “most wanted” list
Read MoreDeutsche Post rivals warn against extension of mail delivery monopoly
Deutsche Post World Net AG’s rivals have warned the government against extending the incumbent postal service’s mail delivery monopoly beyond 2008, daily Tagesspiegel.
‘Deutsche Post’s rivals have invested a lot of money to prepare for the liberalisation of the market. An extension would result in an enormous loss of trust,’ Ralf Wojtek, head of the Federal Association of International Express and Courier services, told the newspaper’s online edition.
Deutsche Post’s virtual monopoly on letter delivery for letters up to 50 grams is earmarked to expire at the start of 2008, with the EU seeking a continent-wide liberalisation of the market in 2009.
However, a broad alliance of politicians, businessmen and trade unionists is pressing the government to extend the monopoly in Germany until other EU countries end theirs.
Read MorePerfect landing by Deutsche Post; EBIT 3.9 billion euros
Deutsche Post World Net completed the business year 2006 according to plan: With a 2.9 percent rise in EBIT to 3.87 billion euros, the Group met the forecast communicated to the capital markets. In the previous year, EBIT totaled 3.76 billion euros. Consolidated revenue grew by 35.8 percent to 60.5 billion euros. In 2005, it amounted to 44.6 billion euros excluding Exel, which was acquired in December of that year.
Deutsche Post World Net’s board of management proposes to increase the dividend for 2006 to 75 cents per share after 70 cents per share in the previous year.
In addition to a major rise in revenue and improved EBIT, the figures for the business year 2006 that were released today showed a decrease in consolidated net income of 14.3 percent to 1.92 billion euros. One reason for this decrease was that the Group reduced its stake in Postbank to 50 percent plus one share during the past year. As a result, a proportionately smaller share of net income is attributable to Deutsche Post stockholders. In 2005, net income after minorities totaled 2.24 billion euros. Earnings per share for the past fiscal year fell 19.6 percent to 1.60 euros. In the previous year, it was 1.99 euros.
Corporate divisions
In spite of competitive and substitution pressures, the traditional corporate division MAIL slightly increased its EBIT for 2006 from 2.03 billion euros in 2005 to 2.05 billion euros. The EXPRESS division is now on the right track following a loss of 23 million euros in 2005 and the now initiated turnaround in the U.S.: In 2006, EBIT totaled 325 million euros. Excluding costs for the new hub in Leipzig, which were moved forward to 2006, the result would have been higher by a mid-double-digit million euro amount. In the LOGISTICS corporate division, EBIT rose to 762 million euros, more than double the level of 346 million euros in 2005. FINANCIAL SERVICES also met the guidance of more than 950 million Euro EBIT. In the previous year, EBIT was 863 million euros.
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