Tag: Germany

Post office banking delivers

Posted by | Oct 31, 2005 | |

European banks have been slow to exploit the distribution capabilities of domestic post office networks, focusing instead on the expansion opportunities provided by organic growth and mergers and acquisitions (M&A), said Carl Holsters, member of the executive committee of the Belgian Post Group, speaking at VRL’s International Retail Banking Forum (IRBF) last month.

And with revenues from postal services shrinking, the contribution made by retail financial services is becoming increasingly significant, helping European post offices prepare for full deregulation of the postal sector in 2009, when they will lose their national mail monopolies.

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DHL to Invest USD50m in development of business in Russia

Posted by | Oct 24, 2005 | |

DHL is going to invest USD50 million in development of its business in Russia. According to General Director of DHL in the CIS, Frank-Eaves Underer, the Russian market is one of the most promising and rapidly growing in the world. Now its capacity is estimated at USD400 million and its annual growth exceeds 30percent. Along with this, Russia is the only country in the world where companies of the “big four” (DHL, FedEx, UPS and TNT) control less than a half of the market. For example, in the European Union countries their aggregate share approaches 80percent. According to analysts, not more than five large companies specializing in express delivery and logistics will remain in Europe in the future.

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Deutsche Post management confirms full-year 05 Group guidance

Posted by | Oct 24, 2005 | |

In the context of the Offering Document, which is now being posted to Exel shareholders, the Board of Deutsche Post confirms the forecast that current year operating profit (EBIT) will be at least Euro 3.6 billion. Correspondingly, the Board of Deutsche Post forecasts that the consolidated net profits will exceed those of the previous year by at least Euro 500 million.
The profit forecast for the full year 2005 is based on the interim financial results for the six months ended 30 June 2005, the management accounts for the two months ended 31 August 2005 and the Board of Deutsche Post’s forecast of results for the six months ending 31 December 2005.

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EU begins investigation into Deutsche Post acquisition of Exel

Posted by | Oct 20, 2005 | |

The European Commission has begun its initial investigation into the acquisition of Exel PLC by Deutsche Post. All mergers and acquistitions and joint ventures that meet certain sales thresholds in the EU are subject to approval by the commission. The initial probe lasts one month. The commission will decide on the outcome of its initial probe into this deal on Nov 24. At the end of its initial probe, the commission can decide to clear the deal, conditionally clear it, or open an in-depth probe lasting up to four months if there are serious competition concerns.

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German Federal Network Agency allows mail consolidators new numbering variant

Posted by | Oct 20, 2005 | |

The Federal Network Agency has called on Deutsche Post AG (DPAG) to end an anti-competitive practice. DPAG had refused to accept mail from consolidators, under their downstream access agreements, if it was not in conformity with DPAG’s specified numbering. Some of the competitors had called for a numbering method that differed slightly from DPAG’s and that would enable mail to be numbered consecutively at the same time as being automatically sorted to postal routing regions. “Doing away with a second processing run means that the consolidators, under their agreements, can consolidate larger volumes in the narrow time window they have between collection from the customer and dropoff at DPAG”, Matthias Kurth, Agency President, declared. “It will allow the consolidators to achieve bigger rate discounts for their customers – mostly SMEs – and to tap further customer potential.”

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