Tag: Germany

Deutsche Post’s third-quarter net profit falls 22 pct

Posted by | Nov 4, 2004 | |

Deutsche Post posted a 22 percent decrease in its third-quarter net profit after the initial public offering of its Postbank unit increased minority interests. The company reported a third-quarter net profit of 169 million euros (217 million dollars) compared with 219 million euros a year earlier. Deutsche Post floated 33 percent of Postbank’s share capital on the stock market in June.
Profit from operations, measured as earning before interest payments, taxes and amortisation, rose 0.9 percent over the period to 575 million euros from 570 million euros. Sales grew 9.9 percent to 10.7 billion euros from 9.7 billion euros. The results were in line with analysts forecasts.

Read More

Deutsche Post Plans Higher 2004 Dividend: nine-month EBITA about 2.3 billion Euros

Posted by | Nov 4, 2004 | |

Deutsche Post World Net reported a 10.7 percent increase in profit from operating activities (EBITA) in the first nine months to 2.257 billion euros. Revenue rose 9.7 percent to 31.7 billion euros. Main contributors to this positive development in group revenue were the EXPRESS and LOGISTICS Corporate Divisions as well as parts of the MAIL Division. Nine-month group net income was 890 million euros, compared with 869 million euros a year earlier. Earnings per share rose accordingly from 78 cents to 80 cents. “In light of this, we intend to pass this positive overall development on to our shareholders in the form of a dividend increase,” said Chief Financial Officer Edgar Ernst. From today’s viewpoint, the Board of Managing Directors intends to propose to the Supervisory Board a dividend of 50 cents per share, an increase of 13.6 percent. The third quarter also recorded a positive development in key operating figures. Revenue improved by 9.9 percent to 10.7 billion euros in the period.

Read More

Deutsche Post says cartel office ruling on mail ops may lead to revenue loss

Posted by | Nov 4, 2004 | |

Deutsche Post World Net AG said a decision by the German Cartel Office to grant mail consolidators downstream access to its networks could lead to revenue losses in the coming years of no more than the ‘low hundreds of millions’ of euros. ‘In our view, the Postgesetz (German Postal Act) and the scope of the
exclusive license comply’ with EU competition laws, the company said in its
nine-months results report under the heading of ‘risk report’. A company spokeswoman said the revenue losses could amount to a ‘maximum of 150-200 mln eur’.

Read More

Dutch Selekt Mail expects to process up to 200 mln packages in 2005

Posted by | Nov 4, 2004 | |

Netherlands-based postal services company Select Mail Nederland, a joint venture of Dutch publishing group Wegener and German postal services company Deutsche Post AG expects to double the number of the processed packages in 2005 to some 200 million pieces, the company’s general director, John Kuiper, said on November 3, 2004. According to the company, 2005 will be the third consecutive year, when Selekt Mail will double the annual number of processed packages. The company succeeded in doubling the processed packages number in 2003, therefore it posted a net profit for that year, Selekt Mail said. Kuiper did not provide a forecast for the company’s financial performance for 2004.

Read More

German cartel office says Deutsche Post impeding market competition

Posted by | Nov 3, 2004 | |

The German cartel office said Deutsche Post World Net AG is impeding market competition by offering discounts of 3-21 pct to major companies for mass mail orders, which it does not offer to other mail service providers. The commercial collection, sorting and franking of letters under 100 grams is currently exclusively guaranteed to Deutsche Post under postal laws, which means it is in a position to prevent new competitors from entering the market, and discriminate against existing ones in its pricing policy.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest