Delivering efficiency and profitability
Presentation at IEA by Paolo Luca Stanzaine Ghedini, Poste Italiane.
Key figures, revenue by mail type.
P:LibraryIEA European Postal Services Mch05Paolo_Luca_Stanzani_Ghedini _Poste Italiane.pdf
Tag: Poste Italiane
Deutsche Post eyes privatisation of Italian, UAE State Post Offices
German postal and logistics group Deutsche Post AG will study the possibilities to participate in the privatisation of its Italian and UAE peers, a company spokesperson said on March 4, 2005, confirming previous reports.
Italy’s Prime Minister Silvio Berlusconi eyes a partial privatisation of Poste Italiane within 18 months. The company more than doubled its net profit to 236 mln euro (USD309.3 mln) in 2004 on sales of 9.0 bln euro (USD11.8 bln), up 11 pct year-on-year.
The UAE state post is also considered a profitable business.
Deutsche Post has submitted a bid for 25 pct of Danish Post Danmark. A decision is expected shortly, a spokesperson for the Danish company said. Deutsche Post is considered to have the strongest position of all bidders, as it already cooperates with Post Danmark in package deliveries. Dutch TPG and financial investor CVC Capital Partners are also among the bidders.
Read MoreDeutsche Post keen to expand abroad
Deutsche Post is keen to expand its international operations. The company says that it is examining the possibility of acquiring a stake in both the Italian postal service operator, Poste Italiane, and the postal service of the United Arab Emirates, Emirates Post. According to press reports, Emirates Post is preparing for privatisation. Deutsche Post already cooperates with this company, which is said to be profitable. Silvio Berlusconi, the Italian prime minister, has said that Poste Italiane will be partially privatised within the next 18 months. The latest figures show that this company has more than doubled its profit to 236m euros, while growth of 11 per cent has been achieved in turnover, to 9bn euros.
Read MoreItaly will sell post group but dithers on Enel Privatisation
The Italian government yesterday made clear it would press ahead with the privatisation of Poste Italiane, the state-run postal services and banking group, but sent conflicting signals over whether it might sell another stake in Enel, the utility giant.
Silvio Berlusconi, prime minister, told reporters that privatisations were essential to cut Italy’s public debt, which stands at 106 per cent of gross domestic product.
“Debt reduction could happen with a certain immediacy, by putting some assets on the market that are part of the state’s patrimony,” he said.
Although Mr Berlusconi suggested that Enel as well as Poste Italiane could form part of a new privatisation drive, Domenico Siniscalco, finance minister, later told Italian radio that he knew of no plans to reduce the government’s 31.5 per cent stake in the utility group.
Read MorePoste Italiane to focus on services – CEO
Italian state-owned postal services company Poste Italiane SpA plans to focus on services for the future, the CEO of the company, Massimo Sarmi, said on February 22, 2005, at the presentation of the financial accounts for 2004. In 2004, Poste Italiane registered 64.4 million mailings of packets and Corriere Espresso (express courier), down by 6.0 pct for the packets and up by 14.5 pct for Corriere Espresso, both compared to 2002.
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