Deutsche Post could register higher loss than expected in US
Analysts are beginning to doubt that Deutsche Post, the German postal service operator, will be able to limit its losses in the US this year as planned. The company had said in the spring that it intended to maintain its losses in the US at around the same level as for last year, when they totalled 284m euros. However, the loss sustained by the company’s US activities in the first half of 2004 amounted to 229m euros. The loss in the US has been attributed to the cost of integrating US company Airborne, which Deutsche Post acquired last year, and to the fact that the company’s market share is still low at 9 per cent.
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