Tag: Hermes Logistik

German logistics services provider Hermes Logistik Gruppe, a wholly-owned subsidiary of the local mail order company Otto GmbH, expects to post more than 1.0 bln euro (USD 1.282 bln) in sales for 2006 due to its strong performance and fast growth on the market so far, the company’s CEO Hanjo Schneider said on November 21, 2006.
The annual sales growth is projected to reach the double-digit percentage range, Schneider added.
He did not specify the expected financial figures for 2006, but said that Hermes’s results will be additionally boosted by the strong demand during the Christmas season.
Since its foundation three years ago, Hamburg-based Hermes increased the number of its outlets in Germany to 13,000. The company is the biggest competitor of local postal group Deutsche Post AG on the market for package deliveries for private clients. Currently, Deutsche Post has a network of 12,500 outlets in the country.

Since September 2006, Hermes is present on the private package deliveries markets of 20 European countries.

Germany’s Federal Network Agency has started to investigate if Deutsche Post World Net AG misused its dominant market position by offering lower prices in parcel deliveries to cut down competition, according to a prerelease of Die Welt’s Monday edition. It cited a spokeswoman for the Federal Network Agency as saying that the agency has received a letter from a competitor with a request to examine the prices of Deutsche Post. ‘And so we have started initial investigations,’ she added. The newspaper, citing sources, said the complaint was lodged by Hermes Logistik Gruppe.