Tag: Poczta Polska

Polish Post planning to develop joint-stock company

Posted by | Nov 22, 2004 | |

Polish Post is aiming to develop into a joint-stock company by the first half of next year. “We are trying to change our company’s status from a public utility enterprise to a joint-stock company,” said PP’s executive director Tadeusz Bartkowiak during a Sejm Infrastructure Committee meeting. “We want the change to occur as soon as possible and we are hoping that the Sejm will be able to work on the issue in the first half of 2005,” he added. The board of directors has accepted the proposal and it is now due to be discussed by the Post Council, which meets on November 23-24.

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Polish express market

Posted by | Oct 26, 2004 | |

Of the 51 companies active on the local market, 25 are recent arrivals which registered last year. Despite the increasingly crowded market, all the major operators saw their revenues grow from 20% (Servisco) to 50% (Masterlink).

The exception was Poczta Polska.

“It can compete in terms of price, and its monopoly is a big advantage, but otherwise it would be in trouble,” said Olga Kozierowska of Masterlink. She estimates that PP controls only 4% of the courier market, a figure that experts say is more or less accurate.

Hence the announcement by PP deputy president Andrzej Siniakiewicz that the company plans to take over a courier company by the end of the year. His comment last week came in the wake of a large-scale consolidation process on the market. In 2002, Deutsche Post World Net (DPWN) became the sole owner of Servisco, the market leader with a 22% share, of the 99 million (z³. 425 million) a year market for next-day delivery service. DPWN is now planning to offer all its services under the DHL brand.

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Polish Post to Change Structure

Posted by | Sep 24, 2004 | |

In preparation for a fiercer battle with the competition due to the liberalization of the postal market, Polska Poczta (PP) Polish Post will begin changing its structure next year. 100 additional services that PP currently offers on over a dozen markets will be grouped into three main departments – a postal one, a financial one and a logistics one.

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Polish Post on brink of bankruptcy

Posted by | Sep 9, 2004 | |

The Poczta Polska (PP) state-owned postal service may soon face bankruptcy, warned the company’s officials in the Sejm yesterday. PP is in desperate need of a development plan, state subsidies of ZL500m and new regulations that would tone down the liberalisation of the postal deliveries market. The crucial year for PP is 2006, when Poland complies with the EU’s postal services liberalisation. With regards to letters, PP has been a monopoly, but it is now expected to lose one-third to two-thirds of that market. When the changes come, they may cause PP to post a net loss of ZL330m. If that is the case the company will have to sack some 15,000 employees to sustain profitability. Even then bankruptcy will still be a likely scenario. A positive scenario includes higher revenues and profits, but that will require nearly ZL3bn in investments by 2006.

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