Tag: Germany

Record earnings Deutsche Post

Posted by | Mar 1, 2002 | |

Deutsche Post World Net, the German state-aid company, had record revenues and earnings for 2001, but warned for a more difficult 2002.
Deutsche Post group revenues totaling some 33.4 billion euro were 2.0 per cent higher than the previous year.

Earnings, the profit from operating activities (EBITA), grew 7.1 per cent to about 2.6 billion euro.

Net profit rose 4.6 per cent to around 1.6 billion for 2001. Earnings per share were 1.42 euro.

The available financial figures are still preliminary. Deutsche Post World Net will present the precise figures and further details at its financials press conference on April 8, 2002.

‘For the year 2002, we expect to continue this successful course for the group. However, it will be difficult to again surpass our operating profit,’’ said CEO Klaus Zumwinkel.

Source: Deutsche Post release

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Deutsche Post CFO Opposed to Share Offer

Posted by | Feb 28, 2002 | |

Deutsche Post Chief Financial Officer Edgar Ernst said on Thursday he did not see the current market environment as good for a second flotation of shares and did not have any potential acquisition targets.

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DPWN Share Offer Possible in 2002

Posted by | Feb 26, 2002 | |

Germany’s finance ministry has not ruled out a further offering of shares in postal operator Deutsche Post AG in 2002, according to a reply given on Tuesday to a parliamentary written question. ‘Further steps to privatise Deutsche Post AG will be taken in the context of the 1994 post reform when conditions on capital markets allow,’ the finance ministry wrote in response to a question from the opposition about whether a further placing in 2002 was possible.

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