Tag: Germany

Geodis opens up European front

Posted by | Mar 24, 2005 | |

Geodis is to launch a new European groupage servicecalled Eurofirst next month, providing customers with online tracking, PoDs and quality reports. The service will initially cover ten countries, including the UK, France, Germany, Italy, Portugal and Spain; a further 15 countries will be added at the end of the year. Geodis launched the Eurofirst product at its annual results presentation in London last Friday. The main groupage business in the UK goes live with Eurofirst in April and the pallet network, Fortec, is expected to plug into the system in May. This should prove a major benefit for Fortec member companies and their customers, says managing director Rod Abrahams.

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Deutsche Post not keen to participate in postal privatisations at present

Posted by | Mar 22, 2005 | |

Deutsche Post World Net AG is at present not keen to participate in postal privatisations in Japan, Austria, Belgium and Italy, CEO Klaus Zumwinkel said at the company’s annual results news conference. He said the group will only be interested in acquiring stakes in companies that fulfill several conditions, such as providing premium quality services and products. The legal framework in countries where the potential acquisitions are located must also be ‘reliable’, he added. But Zumwinkel did not completely rule out participating in the postal privatisations, specifically in Japan and Italy.

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Deutsche Post World Net posts 3.35 billion euros EBITA and Group confirms 2005 earnings forecast

Posted by | Mar 22, 2005 | |

Deutsche Post World Net reported a strong 2004 with overall improved results. Revenue climbed by 7.9 percent to about 43.17 billion euros. The Group’s profit from operating activities (EBITA), at around 3.35 billion euros, was 12.5 percent higher than in the previous year. Net income rose 21.3 percent to about 1.59 billion euros compared with the previous year’s level. This corresponds to earnings per share of 1.43 euros; in 2003, EPS was 1.18 euros per share. As a result of the strong performance, a dividend increase to 50 euro cents per share from 44 euro cents will be proposed. Chairman of the Board of Management Klaus Zumwinkel said the results were a “splendid conclusion to the business year.” The company is well positioned strategically, operationally and financially, and will continue to grow both regionally and in the business segments from the global platform it has created.

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Deutsche Post posts 2004 EBITA of 3.35 billion euros

Posted by | Mar 22, 2005 | |

Deutsche Post World Net reported a strong 2004 with overall improved results. Revenue climbed by 7.9 percent to about 43.17 billion euros. The Group’s profit from operating activities (EBITA), at around 3.35 billion euros, was 12.5 percent higher than in the previous year. Net income rose 21.3 percent to about 1.59 billion euros compared with the previous year’s level. This corresponds to earnings per share of 1.43 euros; in 2003, EPS was 1.18 euros per share. At the end of 2004, measures under the STAR value-creation program had contributed a cumulative 862 million euros to earnings, or 23 percent above the originally planned 700 million euros

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German Hermes in search of strategic partner in Europe

Posted by | Mar 18, 2005 | |

German logistics services provider Hermes Logistik Gruppe, a subsidiary of the local mail order company Otto GmbH, is looking for a strategic partner in Europe to extend its parcel delivery services range from companies to private persons, the company said on March 17, 2005.

Hermes already negotiates with a number of interested parties and expects to complete the talks by the summer of 2005, company CEO Hanjo Schneider said.

Hermes sees mainly independent logistics companies as possible partners and Schneider ruled out the possibility of co-operation with a large national postal services provider.

He declined to disclose the names of the potential partners.

Hermes is active in France and the United Kingdom with a number of partners. The company aims to significantly boost its sales in the field of private package deliveries, which currently stand at 450 mln euro (USD601.6 mln).

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