DHL 2002 Annual Report Download - page 83
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Please find page 83 of the 2002 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.August
Deutsche Post World Net is involved
in the Germany-wide charity appeal
for the flood victims: we issue a
special stamp, donate € 1.5 million,
make our vehicle fleet available for
transportation and emergencies, and
transport postbags to the areas hit
by the flooding as an alternative to
sandbags. Postbank grants special
conditions for real estate loans
to those living in affected areas;
employees affected by the flooding
are offered interest-free loans.
The British regulatory authority
grants Deutsche Post Global Mail a
license to deliver post within the
United Kingdom. This represents our
entry into one of the largest mail
markets in Europe.
September
The German regulatory authority
approves the new letter rates; they
will come into force on the designated
date of January 1, 2003.
The Philips electronics group
commissions Deutsche Post Euro
Express to handle the Europe-wide
distribution of its parcels and pallets
not only on a domestic basis, but
also in cross-border distribution in
17 European countries.
October
The first bond to be issued by
Deutsche Post is received positively
on the international financial markets.
In order to meet the high level of
investor interest, we increase the
planned issuing volume and issue the
bond in two tranches with different
terms and interest rates.
The EU Commission approves our
acquisition of the 25% of shares in
DHL previously held by Lufthansa
Cargo. This allows us to increase our
holding to more than 75%.
Dr. Klaus Zumwinkel presents the
Group-wide STAR value creation pro-
gram, with which we aim to increase
the Group’s earnings to € 3.1 billion by
the end of 2005. As part of this process,
DHL, Danzas and Deutsche Post Euro
Express are to be fully integrated
and incorporated under the single DHL
brand in future.
November
DHL Worldwide Express announces
its acquisition of the Canadian express
service provider Loomis. This acquisition
allows us to strengthen our position in
the North American market for ground-
based express delivery and to press
ahead with our global growth strategy.
December
Postbank acquires two subsidiaries
of Credit Suisse (Deutschland) AG.
With the newly-formed Postbank
Vermögensberatung AG, it supplements
its outlet and online sales activities
with mobile sales of its services.
Deutsche Post World Net
acquires the remaining 24.4% interest
in DHL. This means that we now fully
own the company.
More than 2,000 Deutsche Post
World Net employees move in to the
new Group headquarters; at 163
meters, the Post Tower is the tallest
office building in North Rhine-West-
phalia.
The 2002 season sees the end of
Deutsche Post World Net’s involvement
in Formula 1. After three years of
intensively leveraging this relationship,
we have fulfilled all of our communi-
cations goals, and hence decide
against extending our agreement with
the Jordan team.
Van Gend & Loos Euro Express
wins the Logistics Prize for the Nether-
lands. The jury pays tribute to the
innovative service which has seen
our subsidiary develop successfully
from a pure transport company into
a logistics service provider.
Postbank puts the first module
of its standard software for banking
transactions, developed in conjunction
with SAP, into operation.This repre-
sents a milestone on Postbank’s way
towards becoming the cost leader in
retail banking.
Milestones in 2002