Tag: Mail Services

Strengthened Posten grows with improved profitability

Posted by | Feb 15, 2008 | |

Posten has continued to deliver strong financial results throughout 2007. Operating
earnings improved by 38 pct to total almost SEK 2 billion. These are the best earnings
from the core business in Posten’s 371-year history. At the same time, sales increased by
7 pct, totaling approximately SEK 30 billion. This shows that we have succeeded, already
during the first year of our new operational structure, in carrying out our focused
efforts to reduce costs and increase income by clearer specialization and increased
customer focus.
1 USD = 6.30871 SEK
The strong 10 pct growth of Posten Logistics is solid proof that we have been successful
in standing up to increasingly tough competition to strengthen our position on the
market. With additional acquisitions in Finland and the establishment of the distribution
network MyPack in Norway, Posten Logistics has created the conditions for a more
unified logistics concept on the Finnish market and broadened its offer for distance
trading, and has increased its total capacity on the growing Nordic logistics market.

By successfully integrating Posten’s printing operations and winning important
deals, Stralfors has grown by a full 31 pct within information logistics. At the same
time, Stralfors has both streamlined the business with divestments of non-core businesses, and has created new growth opportunities, especially for Graphic Solutions
aimed toward the pharmaceutical industry.

Read More

Strong Nordic growth for Norway Post in 2007

Posted by | Feb 15, 2008 | |

Norway Post increased its revenue by 15.7 per cent in 2007 to NOK 27.4 billion. The largest increase occurred in the Logistics and IT segments. Earnings before taxes were NOK 949 million, compared with NOK 1 200 million in 2006.

Good progress was made in 2007 in terms of income growth, improved quality and strengthened positions in Norway and the Nordic region. Turnover from businesses outside Norway increased by NOK 2.1 billion, or 50 per cent over 2006, and comprised 22.8 per cent of the Group’s revenue in 2007.

This strong growth shows that we are on the right path in terms of strengthening our position in Norway and the Nordic region. Customers are increasingly Nordic, and Norway Post has to offer solutions that meet Nordic demands, says Norway Post CEO Dag Mejdell.

The Group’s profitability declined in 2007 due to increased personnel and transport costs, additional resources to improve delivery quality, and costs related to the expansion of CityMail.

Earnings before interest and taxes (EBIT) in 2007 were NOK 1 080 million, compared with NOK 1 313 million in 2006. EBIT before non-recurring items was NOK 826 million compared with NOK 1 283 the previous year. Norway Post’s EBIT margin in 2007 was 3.9 per cent, compared with 5.5 per cent in 2006. The Group has identified concrete initiatives to strengthen EBIT going forward, especially in the Post segment.

The extensive measures implemented last year to improve delivery quality for letters and packages have produced good results. 85.1 per cent of A-priority mail arrived overnight in 2007, compared with 82.4 per cent in 2006. The five other statutory license requirements were surpassed by a significant margin in 2007.

The quality improvement initiatives implemented in 2007 will give increasingly positive results in 2008.

1 USD = 5.33749 NOK

Read More

Postbank moves over billion thresholds

Posted by | Feb 15, 2008 | |

Deutsche Postbank AG moved over the threshold of EUR1 billion in terms of its pre-tax profit. Despite intensive competition in retail banking, the flat interest rate structure and ongoing jitters on the capital markets, Deutsche Postbank AG improved its pre-tax profit in 2007 by 6.7 pct year-on-year to EUR1,004 million, on an adjusted basis by as much as 9.8 pct year-on-year to EUR1,029 million.

The return on equity before taxes increased from 18.9 pct at the end of 2006 to 19.3 pct as of 31 December, 2007. The cost/income ratio of the whole bank improved to 67.2 pct (2006: 68.3 pct) and in the traditional banking business (without transaction banking) even reached 64.8pct (66.7pct). The financial market crisis originating from the US property market impacted Postbank only to a limited extent. Overall, it posted write-downs of EUR112 million. Due to a non-recurring effect resulting from the tax reform, net income increased by 25.2 pct to EUR 870 million (EUR 695 million).

Including the gain on the disposal of the insurance holdings and despite negative non-recurring effects, total income improved year-on-year by 3.3 pct to EUR 4.25 billion.

Balance sheet-related revenues, comprising net interest income, net trading income and net income from investment securities, rose by 4.2 pct to EUR 2.82 billion.

Against the backdrop of a flat and since the summer at times inverted yield curve, net interest income increased year-on-year by a pleasing 4.0pct to EUR 2.24 billion. Despite challenging conditions on the capital market, net trading income at EUR 290 million was 9.8pct higher than the previous-year figure of EUR 264 million. Net income from investment securities was dominated by the disposal of the insurance holdings to Talanx.

Read More

Qatar: Zone revision likely to hit postal work

Posted by | Feb 14, 2008 | |

Qatar’s inclusion in Zone 1 of the classification of the Universal Postal Union (UPU), on the basis of the per capita income of its nationals is likely to hit the country’s postal operations in coming years, said a top Q-Post official.

The official said under the present terminal dues system of the UPU, two sub-systems are involved – the target system and transitional system. On account of the classification, Qatar, being a Zone 1 member, needs to pay a hefty amount as service charges for the services rendered by destination country’s domestic services. Qatar’s operations come under the target system.

The official said that as per the system, rates are decided on the basis of a percentage of the charge for a priority letter in the destination country’s domestic service.

– As a result, a considerable amount needs to be paid by countries in Zone 1 to its member countries for the services that they render at the destinations for the mails, he said.
– For instance, while the international postal tariffs from some Zone 1 countries to another member country of the zone may be cheaper, for the local mails, in some countries like the UK, there should be higher postal rates, considering the huge tariffs involved locally in their dispatch said the official.

Asked if this would result in a rise in the local postal tariffs, the official said no hasty decision would be taken on this score.

Read More

China's Postal Industry 2008 Revenue Targets to Hit RMB 106.5 Bln (USD14.8 billion)

Posted by | Feb 14, 2008 | |

The 2008 target for China’s postal industry is to generate RMB 106.5 billion (USD14.8 billion) in revenue, said Ma Junsheng, director of the State Post Bureau (SPB) during a national working conference. Detailed policy changes proposed by Ma includes the finalized evaluation system on postal services, the general improvements made to the quality of normal and special services as well as the online express enterprises’ basic industry requirements.

As a key segment of information industry, China’s postal industry experienced a fast and efficient growth in 2007 with revenue rising 16 pct to RMB 93 billion (USD 12 billion), according to data released by the Ministry of Information Industry (MII). The reforms, executed by the government and enterprise separately, have achieved initial progress. It has optimized the industry structure, made government supervision more efficient and further improved the market-dominated competition system.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest