Tag: Germany

TNT Express Germany wins European Award for Business Excellence

Posted by | Nov 8, 2006 | |

TNT Express Germany has won this year’s European Business Award together with the BMW Group. The European Business Award is one of the most prestigious economy prizes in Europe. Donald Pilz, chairman of the board of directors, received the award at the Forum of the European Foundation for Quality Management in Budapest on Tuesday evening. In addition to TNT Express Germany, three other TNT business units made it into the short listed 27 finalists – TNT International (Europe), TNT Express Greece and TNT Express Estonia.

Winning the EFQM Excellence Award is a milestone in TNT Express Germany’s company history. Host Andreas Sugar presented the important prize to Donald Pilz at the Palace of the Arts in Budapest on the evening of November 7th. In his speech Pilz stressed that “It was only possible to win this award because everyone at TNT Express lives and breathes business excellence each and every day.“ TNT Express succeeded over 27 other companies which made it to the final. These included reputable names such as E.ON, FIAT, Philips, General Motors and T-Systems.

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Deutsche Post World Net with solid third quarter

Posted by | Nov 8, 2006 | |

Deutsche Post World Net saw a double-digit increase in revenue and earnings in the third quarter. Consolidated revenue rose by 35 percent from 11.028 billion euros to 14.887 billion euros in the period. The integration of logistics service provider Exel and financial service provider BHW as well as organic growth drove this increase. The company now generates 59 percent of total revenue outside Germany. Profit from operating activities (EBIT) rose by 40.1 percent to 1.03 billion euros, including the expected income of 276 million euros from calling the exchangeable bond on Postbank stock in July prior to maturity. In the third quarter of 2005, EBIT was 735 million euros. Consolidated net profit was 537 million euros in the third quarter of 2006 after 412 million euros in the year-earlier quarter. That corresponds to an increase of 30.3 percent. Earnings per share increased to 45 euro cents in the third quarter of 2006 from 37 euro cents in the year-earlier period. In the first nine months of the year, the Group posted 36 percent higher revenues of 44.190 billion euros, including around 10.2 billion euros from acquisitions. EBIT rose by 7.5 percent to 2.588 billion euros.

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Deutsche Post CEO says 32,000 could lose jobs due to liberalisation

Posted by | Nov 6, 2006 | |

Deutsche Post World Net AG CEO Klaus Zumwinkel said about 32,000 jobs could lose their jobs as a result of the planned liberalisation of postal services in Germany.

In an interview with DPA German news agency, he said competitors would be able to get hold of around 20 pct of the volume of letters being handled by Deutsche Post after Dec 31, 2007, when the company’s monopoly ends.

‘This would then mean the end for around 32,000 jobs in Deutsche Post,’ he said.

‘One has to know this if one wants to liberalise (the market),’ he added.

Zumwinkel said the letters market, in which Deutsche Post still holds a market share of around 92 pct, is no longer growing but has actually shrunk by around 3 pct due to the new electronic forms of communication.

He said the market shrinkage had resulted in a loss of 5,000 jobs a year but that the company manages to offset these through ‘natural wastage’, such as non-replacement of those who retire.

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Liberalisation, privatisation and regulation in the German postal services sector

Posted by | Nov 1, 2006 | |

The public monopoly in the German postal sector had already been called into question
in the public debate in the 1980s. In 1985 the German government, which at that time
was composed of a coalition of the Christian Democratic Party (CDU) and the Liberal
Party (FDP), established a government committee that dealt with possible forms and
steps of privatisation and liberalisation concerning the postal and telecommunications
sector (Wehner 2005: 5, 6). The official start for the privatisation and liberalisation of
the German Post (Deutsche Bundespost) was in 1989. Through the first postal reform
(Poststrukturgesetz/Postreform I) the German Post was divided into three sectors: postal
service, postal banking and telecommunications. The political functions (regulation of
the monopolies) were separated from the entrepreneurial ones. In the course of the
second postal reform (Postreform II), which came into force at the beginning of 1995,
the three postal corporations were transformed into incorporated companies. In the first
instance the German Federal Government retained all shares of the German Post which
was renamed the Deutsche Post AG (DPAG). These two steps were affected by the
(partial) privatisation and the preparation of further liberalisation measures. The process
of liberalisation reached its preliminary climax in 1998 when a new Postal Act
(Postgesetz) came into force. Via this Act the postal market was gradually opened to
competition by successively restraining the exclusive license of the DPAG; the end of
the exclusive license was originally planned to be in 2002 but was lengthened until the
end of 2007. Moreover, the rules for licensing were laid down and the terms for the
access to the market were defined.
In November 2000 the material privatisation of the DPAG began with its initial public
offer (IPO). In the course of the IPO the DPAG was renamed as the Deutsche Post
World Net (DPWN). In order to prepare for the imminent end of its monopoly the
DPWN made several acquisitions abroad.

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The Profitability of The Mail Division of Deutsche Post: A Final Report

Posted by | Oct 31, 2006 | |

The Profitability of The Mail Division of Deutsche Post: A Final Report

By Dr. Richard Hern, Tomas Haug, Phillippa Lowe, Marco Schönborn, and Yves Gueron

In this report, a NERA team led by Associate Director Dr. Richard Hern and Analyst Marco Schönborn assesses the profitability of DP’s mail division and updates conclusions presented in two earlier NERA reports from 2003 and 2005.

Using the most recent available data from DP’s Annual Reports, the team considers estimates of profitability for 2005 and over a longer period dating back to 1998. Their estimates are based on calculations of the return on capital employed (ROCE) of the mail segment, which they compare to the cost of capital for DP’s mail segment. By comparing ROCE and the cost of capital over a period of time, it is possible to assess whether investment in the company is appropriately rewarded, under-rewarded, or over-rewarded. The team concludes that while DP has faced competition in other segments, it was able to generate substantial profits in the mail division. NERA’s results, which are in line with the findings of the 2003 and 2005 reports, demonstrate that DP’s profits in the mail division are significantly higher than in other divisions and have been so over the whole period under investigation.

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