Tag: Italy

The European Mail Manifesto: growth, partnership and innovation in a changing industry

Posted by | Jan 12, 2007 | |

The Postal Users Group has issued a manifesto on the main interests of business users of postal services to encourage the European Commission to take the postal users needs into account when it is preparing its next proposals on postal services this year. PUG, an alliance of the major postal users representing 15 trade associations and businesses, points out in its manifesto that the postal services cover a very wide range of businesses and systems. The letter mail business of Europe´s postal operators represent about 1 million jobs and revenues of 47 billion euro; however, PUG shows that the wider sector accounts for an additional 4 million jobs and over 150 billion euro of revenues.

Contents (i)
List of figures (ii)
List of case studies (ii)
List of annexes (ii)
Signatories (iii)
Foreword (iv)
Author’s Foreword (v)
Executive summary (vi)
1. Introduction 1
2. The postal segment of the mail industry
3. The broader mailing industry 17
4. A shared vision for the future 25
5. Conclusion 33
Annex 36
Bibliography 38
P:LibraryPostalEuropean Mail Manifesto PUG 0706.pdf

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Poste Italiane to end 2006 in the Red

Posted by | Dec 15, 2006 | |

Italian state-owned postal services company Poste Italiane expects to book a profit in 2006, ending for a fourth year in a row in the red.
The information was released by Italian national audit office Corte dei Conti. Poste Italaine closed 2005 with a net profit of 248.5 mln euro (USD326.9 mln). The net worth of the company was at 352.7 mln euro (USD463.9 mln) at end-2004.
The net financial debt of Poste Italiane stood at 3.333 bln euro (USD4.384 bln) at the end of 2005 compared to 3.265 bln euro (USD4.295 bln) at the end of 2004. The net financial position/net financial debt is calculated as the difference between a company’s financial debts and liquid assets.
[Editor’s note: Poste Italiane closed the first half of 2006 with a net profit of 379 mln euro (USD498.5 mln), surging by 72.6 pct compared to the 220 mln euro (USD289.4 mln) registered for the respective period of 2005, ANSA said on October 6, 2006. Operating profit of the company went up by 43.6 pct year-on-year to 811 mln euro (USD1.067 bln), while revenue stood at 8.8 bln euro (USD11.6 bln), of which 4.9 bln euro (USD6.445 bln) generated by traditional activities.

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Pitfalls abound for the new Poste Italiane

Posted by | Nov 1, 2006 | |

Until recently the Italian postal service, Poste Italiane, epitomized all that was awry with the country’s public services: bloated payrolls, poor service by rude clerks and a culture that shunned innovation while prizing the status quo regardless of how inept it made the company at delivering mail.

Following a six-year modernization push ‹ including building a retail banking operation from scratch ‹ Poste Italiane has reversed five decades of losses. It is on track to report its fifth straight profitable year, recently paid its first dividend and may soon be partially privatized in an initial public offering.

Some of its moves, including into banking, have been replicated elsewhere in Europe, notably in Germany and France, illustrating how the most clunky of government-owned companies can be turned into competitive businesses.

But potential pitfalls abound, some of them unique to Italy, like a nascent consolidation in the Italian banking sector. Others are shared across the Continent, like too many small branches and the EU-mandated opening of postal services to full competition in 2009.

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UPS and Poste Italiane reach deal on express international shipments

Posted by | Oct 19, 2006 | |

UPS and Poste Italiane today announced the completion of an agreement for UPS to carry the Italian postal service’s international express shipments.

The service is scheduled to start November 27 for the 14,000 post offices Poste Italiane operates across Italy.In addition, UPS is finalizing details to utilize the Poste Italiane network for its own pickup and final delivery in certain extended areas of the country.

This partnership with UPS is part of Poste Italiane’s strategy aimed at strengthening its position in the express courier domestic market. In addition, a more competitive and reliable service in the international segment offers great growth opportunities for the group and this is an important step in further improving the very positive results Poste Italiane has achieved to date. In the first six months of 2006, the group achieved an EBIT of 811 million (+43.6 per cent vs 2005) with a Net Result of 379 million (+72.6 per cent vs 2005).

Besides its core postal service, and thanks to its robust coverage of the entire country and its strong integration between its business units, the Poste Italiane Group now offers a vast range of integrated communication, logistics and financial products and services.

The UPS strategy calls for the creation of new growth opportunities for the company by forging alliances and partnerships around the world, including with national postal services.

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