Deutsche Telekom, one of the most important logistics customers for Deutsche Post, is snubbing its one-time sister company and is allowing the majority of its mobile telephones to be sent by Deutsche Post competitor GLS. “We are carrying out an estimated 75 per cent of the entire dispatch volume for T-Mobile”, GLS chief Rico Bank said to ‘Financial Times Deutschland’ when questioned on the matter.
Read MoreThe head of Deutsche Post AG, Klaus Zumwinkel, has confirmed that a higher dividend payment from the postal and logistics group was possible if results improved this year.
“It depends on this year’s results,” Zumwinkel said at a Deutsche Post event in Berlin. “My finance chief (Edgar Ernst) has already said that in the event of an appropriate rise in earnings we will pay a higher dividend.”
Read MoreThe German government has transferred some €5.5 billion ($6.3 billion) worth of shares in Deutsche Telekom and Deutsche post to the state-run reconstruction bank KfW, a KfW spokeswoman said.
The move, flagged back in July, will help Berlin replenish its coffers and also push ahead the ongoing privatisation of the telecommunications giant and the postal authority.
Read MoreDeutsche Post upbeat on prospects
Read MoreStrong figures for first nine months / Consolidated revenue around €29 billion / Consolidated net profit more than doubles to €869 million / LOGISTICS and EXPRESS with double-digit earnings growth / STAR earnings forecast for 2003 lifted to at least €400 million
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