Tag: Germany

Deutsche Post to increase div payout ratio mid-term, mulls share buyback

Posted by | May 10, 2006 | |

Deutsche Post AG said it plans to increase its dividend payout ratio to shareholders over the medium term and that it may launch a share buyback programme to improve the stock’s performance. ‘Management and shareholders are pursuing the same goals of achieving an increase in the share price and returns, and thus securing the attractiveness of the company over the long term,’ chief executive Klaus Zumwinkel said in a statement released at Deutsche Post’s AGM. ‘One option we could consider is a share buyback and we will be reviewing this.’ Deutsche Post will pay a 2005 dividend of 0.70 eur, an increase of 40 pct compared to the year-earlier period.

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TNT Logistics & Italian Pirelli extend logistics contract in Germany

Posted by | May 10, 2006 | |

Italian tyre producer Pirelli has extended its logistics contract in Germany with Dutch TNT NV’s Logistics unit the end of 2009, TNT Logistics said on May 10, 2006. Financial details were not available. The extension of the contract by additional three years confirms the successful cooperation between both companies, which started more than 15 years ago.

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Heated dispute expected between Deutsche Post and Ver.di

Posted by | May 9, 2006 | |

A heated dispute is expected between German postal service operator Deutsche Post and trade union Ver.di over pay for employees of the company. Ver.di has demanded 4.5 per cent more pay for around 124,000 salaried staff of Deutsche Post in Germany; the company has not yet responded, but has indicated that any increase is likely to be in line with inflation rates.

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Fast response gets results

Posted by | May 8, 2006 | |

Strong demand for same-day services from Europe¡¦s automotive sector pushed In Time Direkt-Kuriers¡¦s results for last year to record levels.
The german emergency logistics provider increased its turnover by 12% to „¡30m with its operating margin at a new high of 6%.

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Dutch TNT sees large investments in Germany

Posted by | May 8, 2006 | |

TNT NV expects large investments in the coming years to achieve its growth ambitions on the German letter delivery market, CEO Peter Bakker said on May 5, 2006. Germany and the UK are important markets for TNT, where it aims to grow in a move to compensate the lower results in the shrinking postal market in the Netherlands. The forthcoming liberalisation of the German postal market offers a great growth potential, TNT said. The UK postal market was liberalised at the beginning of 2006. According to Bakker, TNT will need four to five years to acquire a share of between 10 pct and 15 pct in the German postal market, provided that it will be liberalised in 2008. With a market share of 10 pct to 15 pct in Germany, where Deutsche Post is currently monopolist in letter delivery services, TNT will deliver more letters than in the Netherlands.

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