Tag: Germany

Deutsche Post will show loss

Posted by | Jul 29, 2002 | |

Deutsche Post World Net said it will show a net loss for the second quarter after it set aside €850 million ($833 million) to cover the repayment of illegal state subsidies.
Industry analysts pegged the loss at between $196-294 million for the quarter.
Deutsche Post set aside the “special reserve” after the European Union in June ordered it to repay $543 million to the German government after finding that DP used profits from its domestic mail monopoly to subsidize its unprofitable parcel delivery unit.
Deutsche Post will release earnings results on Wednesday.

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Regulator confirms price cuts in postal service that Deutsche Post warns could cost thousands of jobs

Posted by | Jul 29, 2002 | |

German regulators said Monday they will go ahead with price cuts in the postal service that Deutsche Post says may force it to cut 10,000 jobs and shutter 1,000 post offices.
Post and telecoms regulator RegTP confirmed the plans after allowing a little more than two weeks for consultations with affected parties. The price cap covers the period running up to the end of Deutsche Post’s monopoly on letter delivery in 2007.
Deutsche Post declined to comment on the decision ahead of a news conference Wednesday, when it will present its first-half earnings. But chief executive Klaus Zumwinkel warned earlier this month that the price curbs could spark drastic cuts elsewhere.

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Deutsche Postman gives us the mail

Posted by | Jul 29, 2002 | |

DEUTSCHE Post chairman Klaus Knappik says he believes Australia offers the best growth potential in Asia Pacific.
Deutsche Post has transformed from a mail-delivery service to a business consultancy providing market intelligence, databases of potential customers and production of marketing brochures.
Although the market is relatively small, Mr Knappik, who visited Sydney last week, said the world’s second-largest mail operator offered Australian customers value-added services, such as direct marketing overseas.
“The world market place is getting bigger, and companies in Australia which never thought they would ever enter foreign markets may have the opportunity to do so now,” he said.
In the past, they would probably need an office overseas, he said. But nowadays operators like Deutsche Post could organise mail shots in countries far away.

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German monopoly body head says Deutsche Post stamps ops subsidize Postbank

Posted by | Jul 25, 2002 | |

Deutsche Post World Net AG’s profits derived from its monopoly on stamps may be more than 25 pct of sales and are so high it even subsidizes some activities of its Postbank unit, according to Martin Hellwig, chairman of the independent Monopoly Commission.

In his written comments published in Berliner Zeitung, Hellwig said the postal regulatory agency RegTP’s decision forcing Deutsche Post to cut stamps prices by an average of 4.7 pct next year do not justify plans by the company to cut 10,000 jobs and close down some postal branches.

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IDS: It all balanced out

Posted by | Jul 19, 2002 | |

IDS, based in Bielefeld (North Rhine Westfalia, Germany),published its results for the year 2001. Sales increased from EUR 2.0 billion in 2000 to EUR 2.15 million in 2001. However, there was a slight decrease in the volumes handled. The network transported a total of 1.7 million tonnes of goods.
There were 7.3 million one-day consignments compared to 7.5 million in 2000. A double-digit growth rate was achieved by the premium <> and > products. The <> product introduced at the beginning of 2001 also increased its market share.
IDS’s executive manager, Barbara Dietz, commented:
<<In spite of the cost explosion caused by the <> tax, road tolls and rising wages and the generally difficult economic climate, we managed our finances extremely well in this business year.>>IDS, based in Bielefeld (North Rhine Westfalia, Germany),published its results for the year 2001. Sales increased from EUR 2.0 billion in 2000 to EUR 2.15 million in 2001. However, there was a slight decrease in the volumes handled. The network transported a total of 1.7 million tonnes of goods.
There were 7.3 million one-day consignments compared to 7.5 million in 2000. A double-digit growth rate was achieved by the premium <> and > products. The <> product introduced at the beginning of 2001 also increased its market share.
IDS’s executive manager, Barbara Dietz, commented:
<<In spite of the cost explosion caused by the <> tax, road tolls and rising wages and the generally difficult economic climate, we managed our finances extremely well in this business year.>>

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