Tag: Mail Services

Record profits for UK Royal Mail

Posted by | May 17, 2006 | |

Royal Mail will unveil record profits of nearly GBP600m – GBP1.6m a day – this week, triggering an incentive scheme that will give its 180,000 employees a minimum bonus of GBP400 each. Last year, Royal Mail’s profits were GBP537m. This year, helped by stamp price increases, profits are expected to go up by ten per cent and it will be able to report that all its businesses are now in profit. At the same time, the Government is expected to give its support in principle to a radical restructuring plan that would give workers shares in the business and about GBP1.3bn to inject in the pension scheme.

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TNT Post acquires TWM Italia

Posted by | May 16, 2006 | |

TNT Post has acquired the TMW Italia company in order to strengthen its advertising mail offering. TWM Italia is a historic player in the distribution of “door to door” or unaddressed advertising material. Set up in 1990 by entrepreneur Danilo Tosi, TWM Italia’s geographical distribution coverage focuses mainly on Emilia and Eastern Lombardy, with operations offices located in the provinces of Piacenza, Cremona, Lodi, Pavia, Bergamo, Brescia, Parma, Modena, Livorno, Bologna and Bari. Even before this acquisition TNT Post was one of the leading “door to door” companies; this deal enables it to double its market share, creating a strong hub in a sector characterized by extreme fragmentation: approximately 400 players in a market with an estimated value of 250 million euros in 2005.

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Deutsche Post World Net has good start in fiscal 2006

Posted by | May 16, 2006 | |

Deutsche Post reports first-quarter group sales up 40.7 percent, operating earnings rise to 917 million euros and international revenue reaches 57.4 percent of total revenue. The company posted 4.2 percent higher profit from operating activities (EBIT) of 917 million euros in the first quarter of 2006 compared with the same quarter last year. Organic growth and acquisitions increased sales by 40.7 percent to 14.8 billion euros. Excluding Exel, which was included in Deutsche Post’s accounts for the first time in the reporting period, group revenues totaled 11.9 billion euros. That corresponds to an increase of 13.4 percent. Consolidated net profit was 482 million euros for the first three months compared with 459 million euros a year earlier, a 5 percent increase. Due to a higher number of shares, earnings per share fell from 41 euro cents to 40 euro cents.

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Postwatch out to prove a point

Posted by | May 16, 2006 | |

If You live more than five kilometres from a post office then Postwatch Scotland wants to hear from you.

Director Tricia Dow said: “The questionmark that lies over the long-term future of rural post offices has been well reported.

“We want to gather information ahead of the promised Government consultation on what the future could be.

“The question of distance is a key one in Scotland.

“Across the whole of the UK, Post Office Ltd tell us that, in 2005, only 0.3% of households lived more than 5km from a post office.

“We doubt that is the case in many parts of Scotland. Now we need to prove it.

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Austria starts postal service privatisation

Posted by | May 16, 2006 | |

Europe’s third postal service privatisation sets off today with the 49 per cent sale of Austria’s Osterreichische Post. The deal, worth about Euros 650m (Dollars 833m), is the last significant privatisation by Austria’s centre-right government before general elections in the autumn and follows a string of significant asset sales. The OIAG state holding company yesterday said the deal would be priced at Euros 17-Euros 19 a share. The final level, subject to bookbuilding, will probably be set on May 30, with trading starting the following day. The Austrian Post follows Deutsche Post and TNT of the Netherlands in floating its shares. It will be the world’s fourth quoted postal group, including Singapore.

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