We should be aware that the international mail market is still in the reserved area. It has special EU approval because so much of their domestic market is already deregulated, i.e. currently Correos Espana has a monopoly below 100 gms and in 2006 it will be below 50 gms.
Read MoreUPS, the US courier group, plans to open 500 branches of its Mail Boxes subsidiary in Spain in three years. The subsidiary, bought three years ago, specialises in postal services and office and stationery products, and has 4,600 outlets worldwide and 97 in Spain. UPS does not provide its profit and turnover figures in Spain, where it has had a presence since 1990. According to the Spanish companies’ register however, sales in 2002 were 114.5m euros, up 12.37 per cent.
Read MoreSpanish transport and distribution company Transportes Azkar bought 60 pct in the regional transport and distribution company Morata Logistica y Transporte in Alicante province, eastern Spain, for an undisclosed sum, Azkar reported to the Spanish stock market regulator CNMV on March 23, 2004.
Morata Logistica had been a representative for Azkar (www.azkar.es) for the province before the acquisition.
Read MoreTransportes Azkar SA said net profit rose 14 pct to 18.5 mln eur in the full-year to Dec 31 from 16.2 mln a year earlier on a 10 pct increase in revenue to 280 mln eur from 253 mln.
In a statement, Azkar said EPS rose to 0.38 eur in 2003 from 0.33 in 2002, while EBITDA declined slightly to 39.6 mln eur from 39.9 mln.
Read MoreCorreos, the Spanish post office, has concluded an agreement with the main unions to make 4,000 employees on fixed term contracts permanent. The company says this culminates the process started in April 2003 to make 6,000 temporary workers permanent.
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