Tag: Germany

Hermes Logistik increases German market share

Posted by | Mar 16, 2006 | |

German parcels carrier Hermes Logistik Group has achieved record revenues and volumes in the year ending February 2006, and has increased its share of the German CEP market. The Hamburg-based firm, which has agreed a strategic alliance with TNT, is meanwhile pressing ahead with plans for a European B2C network.

Hermes Logistik, a subsidiary of the Otto group, one of Europe’s largest mail-order companies, said it transported 213 million parcels and generated revenues of €908 million (€782 million net revenues) in 2005/06. Hermes carried 192 million parcels and had turnover of €710 million in the year ending February 2005.

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Deutsche Post buy of Williams Lea cleared by EU

Posted by | Mar 15, 2006 | |

The European Commission said it has cleared the acquisition by Deutsche Post AG of Williams Lea Ltd. The deal was cleared under the EU’s simplified merger procedure, a regulatory process use in cases which the commission considers are unlikely to raise competition concerns.

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German Deutsche Post may enter Austrian mail market

Posted by | Mar 15, 2006 | |

Deutsche Post may enter the Austrian mail market when it is fully liberalised in 2009, company CEO Klaus Zumwinkel said on March 14, 2006. Deutsche Post, which had sought a minority stake in Austrian postal company Oesterreichische Post two year ago, would be interested in the mail business only in Vienna and its surroundings, Zumwinkel added. Deutsche Post has a workforce of 1,200 in Austria, where it generates 320 mln euro (USD384.9 mln) in revenue a year.

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Deutsche Post Posts Gain in 4Q Earnings

Posted by | Mar 14, 2006 | |

Deutsche Post AG, parent of the DHL express-delivery service, has said its fourth-quarter profit rose 25 percent but warned its operating profit likely would be flat this year because of the costs of integrating recent acquisitions.

Bonn, Germany-based Deutsche Post, which is the world’s largest global delivery company, earned 891 million euros (USD1.06 billion) in the quarter that ended Dec. 31, compared with 708 million euros in the year-ago period. The earnings mirrored the preliminary figures it released last month. Sales rose 5 percent to 12.08 billion euros (USD14.4 billion).

For the year, net profit rose 40 percent to 2.24 billion euros (USD2.67 billion) from 1.6 billion euros, while sales rose 3.3 percent to 44.59 billion euros (USD53.2 billion) from 43.17 billion euros.

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Deutsche Post sees 2006 EBIT at least 3.7 bln eur vs 3.755 bln yr-earlier

Posted by | Mar 14, 2006 | |

Deutsche Post AG said its 2006 EBIT will reach at least 3.7 bln eur, down from 3.755 bln eur last year due to stagnating sales at its mail division.

It said sales will exceed 60 bln eur this year, up from 44.594 bln eur.

The German mail carrier will pay out a 2005 dividend of 0.70 eur per share, up from 0.50 eur the year earlier.

Deutsche Post said the Mail division’s EBIT will remain stable at 2.0 bln eur.

At the Express division, EBIT is expected to reach 445 mln eur before impairment charges.

The Logistics division is expected to post a profit of around 500 mln eur, while Financial Services’ EBIT will reach at least 900 mln eur.

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