Danzas, the forwarding and logistics major owned by Deutsche Post, reported double-digit growth in 2001 at Danzas AEI Intercontinental, its ocean and air freight forwarding arm, and Danzas Solutions, its integrated logistics services business unit.
Read MoreIn 2001 Deutsche Post World Net revenue rose by 2.1 per cent to 33.4 billion euro while profit from operating (Ebitda) increased by 7.3 per cent to some 2.6 billion.
CEO Klaus Zumwinkel suggest a higher dividend for shareholders, 37 cents per share, an increase of 37 per cent.
Deutsche Post increased its net profit for the period before minority interest (profit after tax) by 4.3 to around 1.6 billion euro, raising earnings per share also by more than 4 per cent from 1.36 to 1.42.
Deutsche Post AG, the German postal operator, has said that it does not expect the country’s government to place any more shares in the company in the current year. The group’s current share price is less than ideal for a placement. Having fallen by 2 per cent to 16.55 euros on Friday, it made a slight gain on Monday, but is still a long way off its issue price of 21 euros, as well as its all-time high of 24.70 euros.
Read MoreDeutsche Post, the German postal and logistics group, said yesterday it planned to buy back shares in an attempt to shore up its share price.
Institutional investors have long called on Deutsche Post to take such a step, given that its mono-poly mail business generates healthy cashflow and it has comparatively little debt.
The postal carrier has also lost a quarter of its value since its initial public offering in late 2000, which has angered small investors.
Deutsche Post AG, the German postal service operator, aims to take advantage of deregulation of the EU mail sector in the years 2003 and 2006, and perceives the UK market as particularly promising. With effect from 2003, the EU plans to lower the upper weight limit for state monopolies on letter deliveries from 350 grams to 100 grams (the limit in Germany stands at 200 grams), and a further reduction to 50 grams is planned in 2006.
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