Tag: Post Denmark

Posten – Sales advance despite weakening economy

Posted by | Aug 21, 2008 | |

Posten interim report January-June 2008

– Net sales totaled SEK 15,595m (15,062)
– Operating earnings totaled SEK 1,165m (1,388)
– A strong financial position put the equity-assets ratio at 39pct (36pct)
– On June 18, the Swedish parliament adopted the government’s proposal to merge Posten with Post Danmark, and on June 12 the Danish parliament approved the merger
– Lars G Nordström was appointed new President and CEO

Posten’s net sales increased 4pct, mainly as a result of the acquisition of Tollpost Globe. Posten Logistics experienced organic growth of 9pct, while net sales increased 24pct including Tollpost. Stralfors’ operations in information logistics and graphics reported growth of 11pct. However, net sales for Posten Messaging fell again in the second quarter, decreasing a total of SEK 192m, or 2pct, during the first half of 2008. It is uncertain how much of a slowdown the economy will undergo and how that will affect the volumes in Posten’s core operations. However, we predict the negative trend in volumes will continue, mainly in mail operations as substitution accelerates. We are also encountering intensifying competition from international players in all core operations and across all markets where we are active.

Operating earnings totaled SEK 1,165m, SEK 223m less than for the same period the preceding year. Weaker operating earnings were attributable to lower sales for Posten Messaging and to increased costs of transportation and personnel.

1 USD = 6.37877 SEK

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Erik Olsson resigns from Posten AB

Posted by | Jun 27, 2008 | |

Erik Olsson, President and CEO of Posten AB, and proposed President and CEO for the merged company with Post Danmark, leaves his position immediately due to lack of confidence from the Board.

Lars G. Nordström is appointed President and CEO of Posten AB. He will also lead the task of preparing for the integration with Post Danmark. Lars G. Nordström is a member of the Board of Nordea, where he was President and CEO until 2007. He is also a member of the board of TeliaSonera and VikingLine.

The process to recruit a permanent President and CEO will begin immediately.

Accord to contract, Erik Olsson has the right to 12 months notice in case of dismissal. He is also entitled to a severance pay equal to one year’s salary. The severance pay will be deducted against employment income. Olsson will be at the company’s disposal during his period of notice.

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Emirates Post presents Innovation Award to Post Denmark at World Mail Awards 2008

Posted by | Jun 1, 2008 | |

Emirates Post presented the Innovation award to Denmark Post at the prestigious World Mail Awards 2008 which were announced at a gala dinner in Budapest, Hungary, in the presence of over 300 senior postal industry executives.

Mr. Ibrahim Bin Karam, CEO of Emirates Post, presented the award to Post Denmark for its ‘No More’ solution that allows packing and distribution of unaddressed mail based on individual mail recipient, rather than mass distribution based on bulk recipients.

‘Emirates Post has been sponsoring the Innovation category at the World Mail Awards as it believes innovation is a key driver of any business,’ said Bin Karam. ‘It was indeed a privilege for Emirates Post to stand among major global postal operators and sponsor one of the most coveted categories of the World Mail Awards, the mail industry’s premier global honours.’

In its 9th year, the Awards continue to grow in both prestige and breadth of coverage. This is the third year Emirates Post has sponsored the Innovation category.

The twelve winners competed against a broad geographical diversity of applicants and a wide variety of products and services submitted by operators and suppliers of the mail industry.

The Awards were part of the World Mail and Express Europe Conference which took place on 20th and 21st May, offering delegates a prime opportunity to network and celebrate best practices in the industry.

With over 100 entries received this year, judges had a tough job on their hands.

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Belgium open to postal ties to Scandinavian group

Posted by | May 31, 2008 | |

Belgium is open to the idea of its postal service becoming part of the new joint Danish-Swedish mail group, a minister told Belgian business daily De Tijd in a story published on Saturday.

Sweden and Denmark agreed in April to merge the two countries’ post offices, creating a company with annual revenues of about USD 7.5 billion that will eventually be listed.

Sweden will own 58.23 percent of the capital. The letter of intent was also signed by private equity firm CVC Capital Partners which owns a minority stake in Post Danmark, the Danish post office.

The move has led to speculation about what might happen to Belgium’s postal service, in which the Belgian state has 50 percent and one share. Post Danmark and CVC have the remaining stake of just under 50 percent.

Vervotte was open to the idea of Belgium’s La Poste/De Post, and its 37,000 workers, becoming part of the new Scandinavian group.

Belgium has similarly said it wishes to retain control over former telecom monopoly Belgacom , but might be ready to lower its stake if Belgacom found a merger partner.

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Ulrich Gygi wins the Industry Leadership Award at the 2008 World Mail Awards

Posted by | May 20, 2008 | |

Dr. Ulrich Gygi, CEO of Swiss Post, was honored with the Industry Leadership Award at the 2008 World Mail Awards in Budapest. The award, which is sponsored by Pitney Bowes, was presented to Dr. Gygi by Patrick Keddy, President Pitney Bowes International.

CEO of Pitney Bowes, Murray Martin said: “We’ve been involved in the World Mail Awards since its inception and are very pleased to sponsor the Industry Leadership Award. This award recognizes individuals who have contributed to the success of our industry and helped shape the future of global postal systems.”

The Judging Panel said it recognized Dr. Gygi for his leadership and steady transformation of Swiss Post into a more efficient and cost-effective entity. “In addition to domestic operational and financial success, Dr. Gygi has also demonstrated creativity and initiative by forming strategic partnerships in international markets,” said David Treworgy, the non-voting chair of the judging panel.

The winner was selected through an independent Judging Panel consisting of seven distinguished individuals in the postal and mail industry:
Jean-Paul Bailly, CEO of La Poste and 2007 award winner
Helge Israelsen, CEO of Post Danmark and a previous award winner
Graeme John, Managing Director of Australia Post and a previous award winner
John E Potter, Postmaster General and CEO if the United States Postal Service, and a previous award winner
William Tan, former CEO of Singapore Post
Elmar Toime, former CEO of New Zealand Post and a previous award winner
Dr. Klaus Zumwinkel, former Chairman of Deutsche Post World Net and a previous award winner

Pitney Bowes will also make a charitable donation or provide funding for an educational initiative of Dr. Gygi’s designation

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