Mail and express delivery company Deutsche Post AG have said that lower stamp prices in its German home market and a weaker dollar caused its third-quarter net profit to drop 7.6% despite a 2.6% rise in sales.
Net profit fell to euro219 million ($252 million) from euro237 million in the same period a year ago, while revenue rose to €9.71 billion ($11.16 billion) from €9.46 billion.
Read MorePostbank, the banking subsidiary of Deutsche Post, Germany’s postal service operator, is expected to register an increase in pre-tax profits of around 25% to €500m this year. This forecast has been made by Klaus Zumwinkel, chairman of Deutsche Post. He has stressed that Postbank will continue to focus on retail banking and services for medium-sized businesses and will refrain from entering other market segments.
Read MoreThe German government and the state-owned Kreditanstalt fuer Wiederaufbau (KfW) have agreed on the conditions for the transfer of about 5.5 bln eur worth of government-owned shares in Deutsche Telekom AG and Deutsche Post World Net AG to KfW, according to German finance ministry officials.
Read MoreQuality of service report by WIK for the EC covering member states and accession countries:
Austria, Belgium, Bulgaria, Cyprus, Azech Republic, Germany, Denmark, Estonia, Greece, Spain, France, Hungary, Ireland, Iceland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Finland, Slovenia, Slovakia, Turkey, UK
P:LIBRARYPostalEC Postal StudiesQofS Objectives, Performance & Measurement 03.pdf
Report for European Commission by WIK: Quality of Service Objectives, Performance & Measurement Appendices: member states, accession countries, stakeholders view:
Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Republic of Ireland, Spain, Sweden, UK, Austria, Bulgaria, Cyprus, Czech Republic, Estonia, Finland, Greece, Iceland, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovak Republic, Slovenia, Turkey
P:LIBRARYPostalEC Postal StudiesQofS appendices, members, accession & stakeholders views.pdf
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