Tag: Italy

Interview with Massimo Sarmi, MD of Poste Italiane

Posted by | Dec 20, 2004 | |

According to Massimo Sarmi, managing director of Poste Italiane, the Italian national postal services group is ahead of its two main European competitors, the Dutch and German post offices, in terms of operating profit this year. Mr Sarmi also said that the group’s operating profit for the full-year 2004 would be positive, based on its results to the end of September. While Mr Sarmi said that the group was ready for a stock market listing, he added that it was up to the government to decide if and when the operation would take place.

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Poste Italiane revenue to rise 10 pct Y/Y 2004

Posted by | Nov 24, 2004 | |

Italian state-owned postal services company Poste Italiane SpA will register year-on-year revenue increase of over 10 pct for 2004, the company CEO Massimo Sarmi, said.

Poste Italiane sustained of its operating costs at the 2003 level and earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to mark strong increase, Sarmi added.

The company has an investment plan of some 800 mln euro ($1. 048 bln) which will help it consolidate and strengthen its infrastructure, Sarmi said.

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TNT Global Express buys out Italian SDO

Posted by | Nov 22, 2004 | |

TNT Global Express SpA, the Italian unit of Dutch mail, express and logistics services provider TPG, has acquired 100 pct in Italian courier Servizi Distribuzione Ottica Srl (SDO), it was reported on November 22, 2004. SDO, in which TNT holds the majority stake since 2001, expects to end 2004 with a turnover of 11 mln euro (USD14. 3 mln). SDO was established in 1995. TNT Global Express closed 2003 with a turnover of 497 mln euro (USD648. 1 mln). It employs more than 3, 000. The company has 130 offices, 3, 400 delivery vans and trucks and five aircraft for domestic and international connections.

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Italian mail partners up with Microsoft

Posted by | Nov 19, 2004 | |

Italian postal operator Poste Italiane has announced a partnership with US software group Microsoft to create innovative postal and payment services, including the introduction of electronic registered letters, which are to be launched in the next few months. Future services will include an online payment and services card.

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LG renews contract with TNT Logistics in Italy

Posted by | Nov 8, 2004 | |

LG Electronics, the Korean electronics giant has signed a renewal contract with TNT Logistics in Italy. TNT Logistics will continue for another three years to act as the sole logistics provider in Italy for LG. The activities include the operations of goods receiving, handling and storage, order preparation, dispatch and returns management for the entire range of products marketed by LG Electronics, which are high value products such as white goods (refrigerators and washers), TV sets, PC’s, laptops, LC screens and cell phones, throughout Italy. Since 2000 TNT Logistics Italy has been the sole logistics partner of LG Electronics Italia.

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