Lufthansa Cargo (LC) is sharing DHL’s intra-European overnight express network after previously converting four B737 “quick change” passenger aircraft for freight each night to deliver its fastest time-definite product, td.Flash. A joint planning team is at work to improve aircraft utilisation and optimise flight schedules, and the partners expect to greatly expand their co-operation by summer 2003.
Read MoreGerman postal and logistics group Deutsche Post AG plans to continue with its expansion course this year despite the difficult economic environment.
“In 2002 and the following years we will take a significant step towards our goal of becoming the world’s leading logistics group,” said Chief Executive Klaus Zumwinkel at the company’s annual news conference on Monday.
DHL – The Global Express Market – Presentation
Read MoreIn 2001, a year marked by economic difficulties, Deutsche Post World Net has continued to pursue the successful journey it began some years ago. The Group’s revenue and profit figures surpassed the record heights achieved in 2000. Revenue rose by 2.1% to €33.4bn while profit from operating (EBITA) increased by 7.3% to some €2.6bn. At today’s press conference on the Group’s financial statements, the successful fiscal year 2001 prompted Chairman of the Board of Management Dr Klaus Zumwinkel to suggest a higher dividend for shareholders: ‘At our Annual General Meeting, thanks to our positive figures we will propose a dividend of 37 cents per share – an increase of 37%.
Read MoreDeutsche Post AG said it will continue its dividend policy of a distribution ratio of 25-30 pct of consolidated net profit for full year 2002.
“With regard to our policy on dividend payments, we will continue to pay an earnings-based dividend to our shareholders. We are planning a distribution ratio of 25-30 pct of consolidated net profit,” it said in its annual report.
Net profit in 2001 was 1.593 bln eur and today, it announced a dividend payment of 0.37 eur/shr or a total of 412 mln eur payment.
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