Tag: Mail Services

TPG CEO sees news on Danish Post deal in 1 month, no word on Belgian buy

Posted by | Feb 28, 2005 | |

Peter Bakker, CEO of TPG NV, said he expects to hear from the Danish government within one month on the sale of a stake in the Danish postal operator.

TPG is among several bidders for the 25 pct stake in Post Danmark put up for sale by the Danish government.

TPG has also expressed interest in bidding for a stake in the Belgian postal operator. However, Bakker said he has had ‘no clear indications’ from the Belgian government yet on the timing of privatisation.

TPG is looking to expand into foreign postal markets in order to help offset declines in domestic mail volumes and increasing competition in the Netherlands.

Bakker was unphased by recent reports of 200-300 pct growth at Dutch rivals like Selekt Mail, a joint venture of Deutsche Post in Holland. According to TPG figures, its two main rivals have only a 2 pct share of Dutch mail volumes.

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UK Royal Mail – not a 1st class Christmas performance

Posted by | Feb 28, 2005 | |

On 29 November 2004 Postwatch recommended to customers that they use 2nd class stamps at Christmas because the 1st class service performance had dipped significantly in the previous two years to less than 70 per cent delivered next working day. At the time we called upon Royal Mail to publish its Christmas performance levels so that customers would be able to make an informed purchase. Royal Mail has now published on its website performance figures for the 2004 Christmas period. In line with previous years these show that the 1st class performance over the Christmas period was 66.1 per cent delivered next day (compared with a target of 92.5 per cent). 2nd class performance was 93.9 per cent delivered within 3 days (compared with a target of 98.5 per cent). Commenting on Royal Mail’s Christmas performance, Peter Carr, Chairman of
Postwatch said: “The Royal Mail’s own performance statistics vindicate the
advice we gave customers. The value for money option at Christmas is to use
2nd class stamps at a saving of 7 pence per item.

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TPG improves operating margins across the board

Posted by | Feb 28, 2005 | |

TPG Q4 highlights include: express reaches 10% operating margin for the first time, logistics lifts margin to 4.1%, helped by standardisation programme, Wilson acquisition driving logistics revenue growth, integration is on track, higher growth in European Mail Networks and strong margin in Mail. The full year highlights include strong operating cashflow and net income growth and full year dividend lifted to 57 cents, up from 48 cents last year (subject to approval by the AGM.

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Delivery Problems

Posted by | Feb 28, 2005 | |

Pitney Bowes throws off lots of cash but hasn’t yet figured out what to do with it. Pitney Bowes generated USD879 million in cash on USD5 billion in sales last year, enough to hand back USD482 million to shareholders in dividends and stock buybacks and run a USD317 million capital spending budget. It’s like that when you have a license to print money. Ever since Arthur Pitney and Walter Bowes convinced the U.S. postal authorities to authorize the then-novel idea of a prepaid-postage machine in 1920, Pitney Bowes has dominated the business. It built an empire around the ubiquitous postage meter, now selling customers USD4.2 billion a year in equipment, services and financing in addition to the USD840 million a year it takes in on rent (U.S. law requires meters to be leased, not sold). Yet the company now finds itself in a quandary any other businesses would kill for–how to spend all that cash.

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Emirates Post says diversification can help regional postal services boost revenues

Posted by | Feb 27, 2005 | |

At an official press conference today for the World Mail Express & Air Cargo Expo Abdulla Ibrahim Al Daboos, Director General of Emirates Post, told the press conference that diversifying into non-postal services helped the company to achieve earnings of around Dhs300 million for 2004, and that policy is now expected to boost revenue by 10 per cent this year. ‘In addition to traditional postal services, Emirates Post provides customers with retail, banking, airline ticket reservation and utility payment services,’ said Al Daboos. ‘We also offer a direct mail service providing access to up to four million addresses, while companies can use our integrated mailing service via the Electronic Document Centre, and later this year we will create a credit card personalisation service.’ Al Daboos said Emirates Post is ready to assist postal services in other Gulf countries with the launch of a number of products which it has already successfully introduced in the UAE.

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