Pour survivre au 21 me si cle, La Poste veutjouer dans la cour des tout grands

Article Abstract:

In Belgium, La Poste is going to issue an invitation to tender in order to computerise its sorting centres and its offices, in preparation for the year 2000. La Poste is also going to develop its insurance and financial products sales operations, public transport ticket sales, and mobile telephony. It is also negotiating with the SNCB in order to know whether these two companies will compete or be complementary on certain niches. It is also negotiating for the acquisition of land at the Merelbeke sorting station in order to modernise its Ghent sorting centre and to make it the biggest one in Belgium. It estimates that it will take BFr 2.5bn per year to improve the network and sorting centres. La Poste has the money to finance these investments thanks to a provision of BFr 3.4bn in 1997 and a sound financial situation. The government will decide which projects will be carried out. La Post must accomplish other objectives such as developing in new niches if it is to remain viable for 2010 to 2020. La Poste plans to find partners in order to achieve its major projects.

Comment:

Is going to issue invitation to tender in order to computerize sorting centers and offices in preparation for year 2000

Capital expenditures, Mail & Express Services, Couriers, Delivery services, Ministere des Postes des Telecommunications et de l'Espace

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La Poste/

Article Abstract:

As a result of a sharp rise in exceptional expenses to BFr 3.43bn in 1997 from BFr 1bn in 1996, La Poste remained in the red in 1997. However, the Belgian post office managed to cut its losses by 49.1% compared to 1996, to BFr 380.2mn in 1997. The current profit surged to BFr 3bn from BFr 255mn in 1996 and the company's costs fell to BFr 65.1bn from BFr 66.3bn as a result of a sharp decrease in expenses. The turnover was up 2.8% to BFr 67.6bn in 1997. La Poste is currently working on a electronic data distribution system which should be disclosed in 1998, in a move to develop services with a higher added value as the traffic in conventional mail products (letters, postcards and other printed documents) kept going down in 1997. The operator is also looking for a development outside Belgium in 1998 in a move to better fight the growing competition, in a context where its German and Dutch colleagues are already active in the Belgian market.

Comment:

Manages to cut its losses by 49.1% compared to 1996, to BF380.2 mil in 1997

France, Post Office Banking Functions, Other Depository Credit Intermediation, Post office banks, La Poste (Belgium)

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Glaverbel est optimiste pour 1998

Article Abstract:

In 1997, Belgian glass producer Glaverbel posted a BFr 42.619bn turnover - up 10% from 1996 - and a BFr 1.516bn net profit, down 21% from 1996. This drop in profitability is due to the BFr 1.166bn capital gain included in the 1996 accounts and to an exceptional loss of BFr 493mn representing extra costs and provisions for the cession or closing of subsidiaries in France and Germany. The company's 8.4% profitability on invested equity is not sufficient in comparison with the 13 to 15% ratio recorded by US firms, said Luc Willame. He also mentioned that the 1997 recovery of demand in raw glass was not compensated by an increase in prices. The group is more optimistic for 1998 since in the first quarter of 1998, Glaverbel posted a BFr 10.7bn turnover - up 5% from the equivalent period of 1997.

Comment:

Posts a BF42.619 bil turnover, up by 10% from 1996 & BF1.516 bil net profit, down by 21% from 1996

Glass Products, Glass and Glass Product Manufacturing, Glass, Glaverbel S.A.

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