The French postal reduced interim financial goals

Due to the European economy, mail volumes continued to fall, the French post has decided to reduce its over the next five years financial goals, try to develop by the financial industry and package industry to make up for the mail business profits decline.
In its new 2013-2018 "strategic plan", the group's aim is -- by 2018, operating profit reached 740000000 euros, operating income increased 1.8% to 24000000000 euros in moderation, profit rate showed a slightly increased.
However, before making the 2010-2015 strategic basis, to achieve the 2015 8% profit rate still has a long way to go. In contrast, the French postal turnover in 2012 a 1.5% increase slightly, to 21700000000 euros, operating profit was 816000000 euros, the profit rate is 3.8%.
Jean-Paul Bailly outgoing CEO said, "a lot of the market environment and the 2010 draft previously strategy change. The economic crisis continues, the development speed is still in the doldrums. In addition, the mail volume compared to 2008 decreased by about 20%. So, this is the reflection of the feasibility of the strategy.
Jean-Paul Bailly says, recently announced the "shared confidence" strategy is the 155000 postal workers "large-scale consultation" in the past few months and to other stakeholders based on the 25000 meeting of the. The company stressed the need to give priority to employee and customer satisfaction. The key lies in the strategic pillar to the French postal into home best family and neighbors the best distribution services, retail and the most outstanding global express parcel service provider.
Jean-Paul Bailly, the French postal delivery service will benefit from the development of electronic commerce. Jean-Paul Bailly said: "the French postal focused e-commerce and terminal delivery, is a historic chance." The company is also considering how to better attract consumers branch network and provide more new products and services.
Chief financial officer Xavier Girre emphasized, "is this a growth project, aims to slightly improve profit margins to maintain profitability." At the same time, the French postal still plans to invest 1000000000 euros per year for the development of the business, including the expansion pack network.
Consider to fall over the next five years the mail may be an average of 6%, the financial impact of the possible maximum mail division. Last year, the Department of operating profit was 684000000 euros, the turnover of 11400000000 euros, accounting for the total revenue of the group of 50%. By 2018, the Department of revenue is expected to drop about 2000000000 euros to 9600000000 euros, the proportion is reduced to 40%.
Accordingly, the French postal are planning a big raise prices to compensate for the mail volume caused by the decline in revenue decline. French regulators has been approved in based on inflation by 1% until 2015; and the company is now planning in 2016-2018 years will this value increased to 3%. According to the French media, which is equivalent to five years to achieve the overall growth of 24%.
However, Jean-Paul Girre said: "the company compared with some European counterparts, price growth rate is low. Mail department also will continue its reform and modernization of road, and the introduction of innovative services more."
In contrast, substantial growth in French post embodied in the express and parcel department, including GeoPost group and in charge of domestic B2C parcel service ColiPoste. Last year, the Department of operating profit reached 408000000 euros, operating income of 5600000000 euros, the profit rate is 7%. Among them, GeoPost and ColiPoste revenues were 4000000000 euros and 1500000000 euros, profit was 291000000 euros and 117000000 euros.
The French postal goal is, to 2018, revenue increased 25% to 7000000000 euros package, annual processing volume growth from the current 1000000000 to 1300000000. At the appointed time, the parcel revenues accounted for the proportion of the group's turnover from last year's 25% increased to 30%, significantly increased the entire firm's contribution.
In the 2013-2018 strategy, the French postal hope that through service innovation and global network expansion (including Eurasia, North Africa, Middle East, Southeast Asia and the United States of America and other regions) to improve myself in France, Europe and the rest of the world competitiveness.
Postal Bank of France in Euro 1000000000 after the capital increase, its business scope will be expanded, and provide more financial products and services for the French consumer. Last year, the Department of operating profit was 621000000 euros, operating income of 5200000000 euros, which is expected to increase to 7000000000 euros. Company profits will increase is expected, with the emergence of more and more commodities and.
MYEX Minya Express International
2013-08-19