Tag: Mail Services

Deutsche Post Plans Higher 2004 Dividend: nine-month EBITA about 2.3 billion Euros

Posted by | Nov 4, 2004 | |

Deutsche Post World Net reported a 10.7 percent increase in profit from operating activities (EBITA) in the first nine months to 2.257 billion euros. Revenue rose 9.7 percent to 31.7 billion euros. Main contributors to this positive development in group revenue were the EXPRESS and LOGISTICS Corporate Divisions as well as parts of the MAIL Division. Nine-month group net income was 890 million euros, compared with 869 million euros a year earlier. Earnings per share rose accordingly from 78 cents to 80 cents. “In light of this, we intend to pass this positive overall development on to our shareholders in the form of a dividend increase,” said Chief Financial Officer Edgar Ernst. From today’s viewpoint, the Board of Managing Directors intends to propose to the Supervisory Board a dividend of 50 cents per share, an increase of 13.6 percent. The third quarter also recorded a positive development in key operating figures. Revenue improved by 9.9 percent to 10.7 billion euros in the period.

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Deutsche Post says cartel office ruling on mail ops may lead to revenue loss

Posted by | Nov 4, 2004 | |

Deutsche Post World Net AG said a decision by the German Cartel Office to grant mail consolidators downstream access to its networks could lead to revenue losses in the coming years of no more than the ‘low hundreds of millions’ of euros. ‘In our view, the Postgesetz (German Postal Act) and the scope of the
exclusive license comply’ with EU competition laws, the company said in its
nine-months results report under the heading of ‘risk report’. A company spokeswoman said the revenue losses could amount to a ‘maximum of 150-200 mln eur’.

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US Postal Service’s 2004 performance at all time high

Posted by | Nov 4, 2004 | |

Praising employees’ performance at every level of the organization, Postmaster General John E. Potter today hailed 2004 as the Postal Service’s best year ever for customer satisfaction and on-time delivery of First-Class Mail. Speaking to the Board of Governors of the Postal Service, Potter said that 94 percent of customers – an all-time high – rated their postal service good to excellent during the last quarter of 2004. During that time, the Postal Service also delivered 95 percent of local First-Class Mail overnight, while two- and three-day scores were the highest ever. “Service performance remains my top priority,” said Potter.

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US Postal Service and rural carriers agree contract extension

Posted by | Nov 4, 2004 | |

The US Postal Service and the National Rural Letter Carriers Association (NRLCA) have extended their collective bargaining agreement by two years. Postmaster General Jack Potter and NRLCA President Dale Holton signed the agreement earlier this week. The existing collective bargaining agreement was originally set to expire on Nov. 20, 2004. It has now been extended to Nov. 20, 2006. The agreement provides for a 1.3% wage increase effective Nov. 27, 2004, and a 1.3% increase effective Nov. 26, 2005.

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French La Poste unions agree to modernisation

Posted by | Nov 4, 2004 | |

Trades unions at La Poste yesterday ended 18 months of negotiations with the French post office by agreeing to the state-owned group’s planned Euros 3.4bn (Dollars 4.3bn) modernisation of struggling mail operations. The agreement, signed by three unions representing 59.5 per cent of staff, is a big step in La Poste’s drive to cut costs and improve the quality of its service ahead of the liberalisation of Europe’s mail market in 2009. A fourth union is expected to sign today. “This shows the strong engagement of La Poste’s management to show that postal workers are an integral part of the modernisation process being undertaken by the group,” said Raymond Redding, deputy head of mail operations, which account for 60 per cent of its Euros 18bn revenues.

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