Tag: Seur

Seur franchise owners reportedly ready to sell

Posted by | Jun 4, 2008 | |

A group of Seur franchise owners is ready to sell their holdings which add to up to a majority stake in the leading Spanish parcels company, according to media reports. DHL, UPS and investment funds are reportedly interested but existing shareholders, including GeoPost, have the right to outbid them.

The group of franchisees represents 52 pct of the capital of the parent company, Seur SA, 65pct of the franchises by number, and generate 56 pct of gross profits, Spanish newspapers Expansión and El Mundo reported. The regional operators have jointly commissioned investment bank Arcano to seek offers for their shareholdings. International equity funds and multinationals such as DHL and UPS are interested parties, Expansión wrote.

The express parcels group has a complex, decentralised ownership structure comprising regional franchisees who also own small stakes in the parent company Seur SA. Seur has 85 franchisees in total controlled by 54 companies. More than 75pct of these owners are among the prospective sellers, according to the newspapers.

The largest single shareholder is GeoPost, the French La Poste subsidiary, which has built up a 19.6 pct stake in the parent company in recent years by gradually acquiring individual franchisees through the joint venture Seur-GeoPost.

In a company statement, Seur reiterated that the right of first refusal on any shareholder shares being sold meant that it would have preference over any outsider buyer as long as it matched their offer. The head office had not been officially informed by any shareholder that it wanted to sell its holding, it added.

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GeoPost announces sales of 3.1 billion euros in 2007

Posted by | Apr 1, 2008 | |

In 2007, sales of GeoPost, subsidiary of the French La Poste Group and leader in the European BtoB express delivery market, topped the EUR 3-billion mark. Its 2007 sales totalled 3.171 billion euros, an increase of 6.8 pct compared to 2006, on a like-for-like basis and at constant exchange rate.

GeoPost consolidated its position in Europe by acquiring Seur’s Santander franchise, in Spain, and reinforced its partnership with the leading express delivery company in Turkey, Yurtiçi Kargo, by acquiring a 25 pct-stake in the company. In South Africa, a new joint venture with the Laser group has enabled GeoPost to move into the country’s domestic express market.

GeoPost has expanded its international brand DPD into Poland, Benelux, Russia and the Baltic States. Thanks to its subsidiaries, leaders in their respective countries, and to a first rate DPD European transport network, GeoPost is today, in terms of sales, the third leading express parcel service provider in Europe.

Agreements signed with Air France /SoDeXi and Aramex have given GeoPost access to intercontinental routes.

Hence, in terms of volume, 2007 saw GeoPost confirm its position as the second largest express company in Europe – 528 million parcels delivered, in 2007 – for 300,000 customers.

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Seur inaugurates the first “Seur store” in Denia

Posted by | Mar 26, 2008 | |

SEUR has created a new kind of sales channel with the SEUR Store which it is inaugurating today in Denia. SEUR Stores are designed to offer all the accessory services required in the express transport sector. The sale of packaging and office materials, copying and binding services, fax, mobile phone top-ups and pre-paid telephone cards and packs are just some of the services offered to SEUR customers at a “SEUR Store”.

SEUR Stores offer customers an integrated service that is designed to respond to their specific individual requirements. The company is developing this new concept as a key factor in the future growth of its retail outlets division.

Mercedes García, General Manager of Sales and Marketing, underlines the importance of this Store’s inauguration: “In a sector in which the services on offer are showing a tendency towards standardisation, it is important to create solutions that cater for our customers’ specific requirements. The SEUR Store in Denia is a pilot project that gives shape to the expansion model for our retail outlets”.

With the inauguration of this new Store, SEUR now has 14 outlets in the Province of Alicante. The SEUR Store in Denia can be found at a geographically strategic site in a town whose population increases three-fold during the summer, making it an ideal location.

In Alicante, SEUR recorded a turnover of EUR 19 million during 2007, carrying 2,700,000 consignments in the province. It forecasts growth of around 7 pct for the coming twelve months, in line with the company’s overall growth figure.

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Seur ups 2007 revenues by 7.5pct to EUR 665 million

Posted by | Mar 11, 2008 | |

Seur increased revenues by 7.5 pct last year and is planning slightly lower growth of 6.25 pct this year.

In 2007, the group’s revenues increased by 7.5 pct to EUR 665 million. The company said it maintained its leading position in the express sector with an average of 150,000 parcels daily.

In Portugal, Seur recorded revenues of EUR 35.75 million which equal a 10pct increase compared to 2006.

At an international level, Seur continues to offer the same high-quality service as nationwide thanks to its strategic partnership with Geopost. In 2007, Seur generated revenues of EUR 48 million in its international business which equal 7.21pct of the total company’s revenues.

The expansion of Seur’s infrastructure has reached a new peak in 2007 with the inauguration of its new facilities in ZAL, the major international hub in Barcelona. With an investment of EUR 40 million, Seur transformed the site into its second biggest hub, covering 16,400 sqm. ZAL incorporates the latest technologies including an innovative EUR 6 million double transportation band which allows automatic sorting of up to 14,000 parcels an hour.

In 2008, Seur will focus investment on its IT modernisation plans, under which it will spend EUR 54 million on upgrading over the next four years.

In terms of the prospects for the current financial year, Seur expects a revenue increase of 6.25pct. To achieve this goal, the company plans to make its pricing policy more flexible and to adapt its services to the individual needs of each customer.

Seur has closed the financial year 2007 with a customer loyalty rate of more than 90pct. The company will continue improving its customer service and enhance its selling channels including Seur shop, Televenta and internet.

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Angel Garcia del Arenal, new director of the Seur Internacional subsidiary

Posted by | Oct 22, 2007 | |

SEUR appointed Ángel García del Arenal the new director of its subsidiary SEUR Internacional. An Aeronautical Engineer from the Universidad Politécnica, Madrid, Ángel García del Arenal, who joined SEUR in 1992, besides directing the company also carries out the function of coordinating the international networks and continues to direct the subsidiaries of Integración Logística in Barcelona, Valencia and Madrid.

Ángel García del Arenal has broad experience in the company where we can emphasise his activity as director of Logistics and Technology in the Cold division and as director of Logistic Projects in SEUR S.A.

Before joining SEUR, Ángel García del Arenal was a consultant with Seinca S.A., Norsistemas S.A. and Timken España.

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