Tag: Germany

Deutsche Post World Net hits the ground running in 2003

Posted by | May 7, 2003 | |

Deutsche Post World Net has kicked off 2003 with 0.7% growth in revenue to around €9.773 billion (previous year: €9.703 billion). Substantial revenue growth in the EXPRESS Corporate Division was a major contributor to this success. Profit from operating activities (EBITA) developed encouragingly in Q1/2003, with year-on-year growth of 5% from €906 million to €951 million. The measures implemented as part of the STAR value creation program contributed €93 million to earnings in the first three months of the year. All in all, the contributions to earnings from the STAR program to date amount to €179 million.
Net profit for the period before minority interest rose disproportionately by 22.3% to €510 million (previous year: €417 million). Consequently, earnings per share increased year-on-year from €0.37 to €0.45.

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Deutsche Post CEO Faces U.S. Challenge Amid Expansion

Posted by | May 6, 2003 | |

Deutsche Post AG Chief Executive Officer Klaus Zumwinkel’s plan to boost earnings by expanding the German postal service in the $65 billion U.S. delivery market may be dealt a blow by United Parcel Service Inc. and FedEx Corp. Zumwinkel, 59, in March offered USD1.05 billion to buy Airborne Inc. to establish a ground network in the U.S. and diversify revenue streams as earnings growth at home slows. The purchase by Deutsche Post, in which the German government has a 70% stake, needs U.S. regulatory approval and comes amid a Department of Transportation inquiry into complaints from rivals United Parcel and FedEx about German control of DHL Airways Inc. `The situation in the U.S is a problem for Deutsche Post,’ said Reinhard Niebuhr, who helps manage the equivalent of about USD5.6 billion at AMB Generali in Cologne, Germany. “The large competitors there are trying to push Deutsche Post out.”

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TPG hires top executives to head Logistics expansion in Central Europe

Posted by | Apr 29, 2003 | |

Mail, Express and Logistics company TPG N.V. is pleased to announce it has hired Günther Thiel (50), Christian Fürstaller (38) and Rodolphe Schoettel (41) to head the expansion of its logistics operations under the TNT Logistics brand in the Central European region, including Germany, Austria, Switzerland, Poland, Czech Republic and Hungary. Thiel will join TPG in May. The others will start at TPG within a few months.

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Deutsche Post Global Mail launches a new product for international mail distribution

Posted by | Apr 29, 2003 | |

Deutsche Post Global Mail and its partners have just launched the GLOBALMATCH mail distribution service, a cost-effective, fast and secure solution for the bulk transportation of international mail. MATCH stands for Mail Transportation through Consolidation Hubs. By consolidating mail consignments from many different mail streams, GLOBALMATCH is able to obtain bulk transportation rates at more advantageous prices than the individual operators could negotiate for themselves. According to Klaus Knappik, Chairman of Deutsche Post Global Mail, “Cost efficiency, reliability and innovation characterize our approach to manage the ‘mail logistics chain’ together with our partners in the transportation and mail world.”

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