Tag: Germany

Deutsche Post World Net AG is expected to unveil on Tuesday a full year 2004 EBITA growth of at least 8 pct, with fourth quarter operating profit improving by around 10 pct despite losses in North America, according to analysts polled by AFX News.

Sales are estimated at 42.86-44.62 bln eur from 40.017 bln and net profit at 1.33-1.4 bln eur from 1.31 bln.

Analysts are forecasting EBITA between 3.22 bln eur and 3.32 bln eur, or an improvement of nearly 12 pct at best from 2.975 bln the previous year.

Deutsche Post itself had given a guidance of 7.5-12.5 pct EBITA growth.

Analysts said the Express and Logistics divisions were the main drivers of growth while weakness in Germany’s economy had slowed down the increase in profits of the cash-rich mail segment.

German postal services company Deutsche Post AG has appealed the ruling of the Federal Cartel Office (FCO), which forced it to offer competitors discounts for its mail dispatch services, the company said on February 22, 2005.

Deutsche Post strives to defend itself from the increased pressure by FCO and by some German politicians to give up its monopoly rights earlier than 2007 as scheduled.

The appeal is aimed at only preventing the immediate application of the decision and Deutsche Post expects the results of the appeal in the next few weeks, company CEO Klaus Zumwinkel said.

The company does not plan to hinder the opening of the market as demanded by the European Commission (EC), banking experts said.