Tag: Germany

Deutsche Post sees DHL contributing 90 Million Eur loss in FY

Posted by | Nov 8, 2001 | |

Deutsche Post World Net AG unit DHL International, together with its US unit, is expected to contribute a loss of 90 mln eur to its German parent for the 2001 full year, Deutsche Post chief financial officer Edgar Ernst told analysts in a telephone conference.
“DHL International including the US is expected to generate a negative contribution to Deutsche Post of some 90 mln eur,” Ernst said.
Ernst said excluding the US unit, the full year EBIT margin for DHL International would be “approximately 2 pct”.
DHL’s US unit, however, is expected to generate a loss for the full year due to economic conditions and the effects of the September 11 terrorist attacks, he said.
Ernst said Deutsche Post holds 46.6 pct in DHL International and will raise this to around 51 pct in early 2002.

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Deutsche Post parcel delivery arm to fall short of target

Posted by | Nov 7, 2001 | |

Deutsche Post’s parcel delivery service is expected to fall just short of its target for pretax returns (between 2.6 and three per cent) after receiving the same instructions from the EC. The Commission has forced it to create a separate marketing and sales company for business customers and the shortfall in earnings is being attributed to the cost of setting up the new division.

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EP Europost to Muscle In on Deutsche Post's Mass Mail Monopoly

Posted by | Nov 5, 2001 | |

Handlesblatt has reported that “Deutsche Post AG is set to face tougher competition on its home market. TNT Post Groep (TPG) of the Netherlands and Hermes General Service (HGS), a subsidiary of German mail-order giant Otto-Versand, have set up a joint venture that is to compete against Deutsche Post on the mass-mail delivery market. TPG and HGS intend to ensure that their new joint venture, EP Europost AG, will not just be a niche player, operating in the shadow of Deutsche Post. Germany is Europe’s largest market for mass mail deliveries such as catalogues and mailshots. The segment accounts for around one quarter of the letter-delivery market”

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EP Europost to muscle in on Deutsche Posts mass mail monopoly postal services

Posted by | Nov 2, 2001 | |

Postal-service monopolist Deutsche Post AG is set to face tougher competition on its home market. TNT Post Groep (TPG) of the Netherlands and Hermes General Service (HGS), a subsidiary of German mail-order giant Otto-Versand, have set up a joint venture that is to compete against Deutsche Post on the mass-mail delivery market.
TPG chief Harry Koostra said: “After talks with several major despatch firms in Germany, we reached the conclusion that there is a great need for a further provider.” TPG and HGS intend to ensure that their new joint venture, EP Europost AG, will not just be a niche player, operating in the shadow of Deutsche Post.
Germany is Europe’s largest market for mass mail deliveries such as catalogues
and mailshots. The segment accounts for around one quarter of the letter-delivery market, which TPG estimates to have a volume of 2.8 billion euros. EP Europost is to serve around 36 million addresses in Germany over the coming years. Provided the EU cartel authorities approve the venture, EP Europost can go into operation from 1 January 2002.

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Royal Mail Flying to Germany

Posted by | Oct 31, 2001 | |

Royal Mail has launched a new charter air
service dedicated to transporting its mail to Germany. The Stansted to Hahn
flight will be operated by Channel Express using a Boeing 737-300, the
carrier said in a statement. Scheduled passenger flights are normally used
to carry the postal operator’s international mail.

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