Deutsche Post reports record results in 2000

Article Abstract:

Deutsche Post posted record results in 2000, despite a fine and censure from the European Commission for illegal rebates and predatory pricing. The company reported $32.7 billion euros in sales, up 46% over 1999. It earned 29% of t h at amount outside of Germany. Profits jumped 158% to 2.38 billion euros. The sales growth was due largely to acquisitions. The firm went on a $6-billion buying binge in the late 1990s that netted global freight forwarder danzas and AEI in the US.

Europe, Process, Physical Distribution, and Logistics Consulting Services, Logistic Services

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Deutsche Post his record sales, profits in 2000

Article Abstract:

Deutsche Post attained record sales and profits in 2000, with sales outside Germany doubling to 9.5 billion euros, or $8.55 billion, or 29% of total sales of 32.7 billion euros, or $29.4 billion. Sales were up 46% over 1999, while pre-tax profits jumped 158% to 2.38 billion euros. After- tax earnings rose 48% to 1.53 billion euros, or $1.4 billion. The results showed the company's transformation into an international logistics company.

Couriers and Messengers, Private Mail & Express Services

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After strong start to '99, QVC looks to break even in Germany by 2000

Article Abstract:

Shopping network QVC Germany has reported total sales of DM92 million ($51.1 million) in 1998, and is projecting revenues of DM500 million ($277.7 million) in 2000. The network reaches around 15 million households in Germany on a full-time equivalent basis. QVC sources 70% of its items in Germany, 20% in other European countries and 10% or less in the US. QVC Germany's headquarters and studio are located in Duesseldorf, but its call center is in Bochum and its 17,000-sq-ft warehouse in Neuss.

Germany, Cable Networks, Home Shopping via CATV, Cable television, Home shopping, QVC Germany

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