Tag: Poste Italiane

FS enters the logistics market

Posted by | Apr 17, 2008 | |

Italian Railways has set up a joint venture with the Italian post office aimed at securing a share of the market for transporting high-value goods and packages. Italia Logistica was launched on February 28 when FS and Gruppo Poste Italiane announced that they were merging the activities of their respective subsidiaries Omnia Logistica and SDA Logistica following the signing of a letter of intent last year.

Italia Logistica will use the strengths of the two parent organisations to offer door-to-door services using pick-up and collection by road and long-haul transport by rail. The company plans to use the latest IT to manage and track consignments and to develop a range of new services.

Chief Executive Mauro Moretti said FS had added a new activity to its range of products and that the business would operate in a ‘very competitive market’. The move followed rationalisation and relaunch of the freight business which included plans to work more closely with Italian ports. Italia Logistica will focus on integrated services for high-value distribution including urban logistics, ‘reverse logistics’ when customers return products to suppliers, and the catering sector.

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Poste Italiane targets logistics growth with rail JV

Posted by | Mar 27, 2008 | |

Poste Italiane, the Italian postal group, is aiming to expand in the logistics sector with the formation of a joint venture with Italian Railways (Ferrovie dello Stato/FS).

The two groups announced they will merge their small logistics businesses, SDA Logistica (Poste Italiane) and Omnia Logistica (FS), into a single company to be called Italia Logistica. This will initially have revenues of some EUR 70 million, putting it among the top ten Italian logistics companies, according to the two groups. They hope it will grow into a market leader by 2010.

SDA Logistica, founded in 2000, is currently a unit of SDA Express Courier, Poste Italiane’s express and parcels delivery subsidiary, and uses its operational network of 96 depots, six distribution hubs and two air gateways. SDA Express Courier, with some 3,100 staff, had revenues of EUR 460 million in 2007.

Italia Logistica will focus on offering long-distance intermodal freight transportation using both rail and road, combined with door-to-door delivery services. It will use the two groups’ acceptance and distribution facilities. Additional services will include return logistics and hotel/catering logistics.

Poste Italiane director general Massimo Sarmi said that the two groups were combining their logistics and technological experience in order to create a national logistics operator able to compete with the leading European players.

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Poste Italiane: Sixth consecutive year in profit

Posted by | Mar 26, 2008 | |

Poste Italiane’s Board of Directors led by Chairman Vittorio Mincato have approved the consolidated financial statements for 2007 and the Parent Company’s separate financial statements for the same year. Both documents were prepared under international financial reporting standards (IFRS ).

The shareholders will also be called to appoint the new Board of Directors in charge for 2008-2010.

The Poste Italiane Group, led by Massimo Sarmi, announces a positive operating performance for the sixth consecutive year, with net profit of EUR 843.6 million up 25pct on the previous year (EUR 675.7 million), operating profit of EUR 1.77 billion up 19pct (EUR 1.49 billion in 2006) and an EBIT margin of 15.5pct , which is once again the highest among European postal services providers.

Total revenue of EUR 17.2 billion (EUR 17.1 billion in 2006) primarily reflects the good performances recorded by all business segments, with improvements in operating profit (Financial Services up 2.7pct and Postal Services up 3.8pct ) and external revenue at the Parent Company rising 3.8pct to EUR 9.1 billion.

The Parent Company’s net profit is EUR 704.4 million (EUR 483.3 million in 2006), marking an increase of 45.7pct on the previous year.

Six consecutive years of strong earnings growth are the result of constant extension of the Group’s offerings, ongoing improvements in efficiency and the introduction of best human resource management practices. The strategy has focused on launching innovative, secure and accessible postal, financial and mobile telecommunications products.

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Poste Italiane signs Technology Innovation Partnership with Egypt Post

Posted by | Mar 17, 2008 | |

Poste Italiane and Egypt Post have signed an agreement for the technological development and improvement of Egypt’s postal service. Poste Italiane has chosen Finmeccanica to be its partner in this initiative of international importance. Finmeccanica is a leading Italian group at a global level in the production of technological systems and platforms applied to a variety of production sectors.

The international agreement signed by Poste Italiane with Egypt’s postal service provider is aimed at promoting an overall improvement in the quality of mailing, and increasing the system’s innovation, including through the introduction of value added services.

The partnership between Poste Italiane and Egypt will take the form of regular bilateral consulting sessions and joint technical working groups which will allow for the sharing of technical information and the diffusion in Egypt of more advanced solutions which can be implemented within the postal sector.

Poste Italiane will make available its knowledge and experience with regard to updating and improving postal mechanisation systems. With the aim of introducing innovative technologies into Egypt and providing technical support for the optimisation of logistic processes.

The know how of Poste Italiane and Finmeccanica will make it possible to offer Egypt Post solutions to improve the organisation of its postal service, automation and distribution of correspondence and deliveries, security systems, hybrid mail, applications for the peripheral network of Egyptian post offices, innovation in the ICT sector and staff training.

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