DHL 2004 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2004 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.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

June
Deutsche Post AG and the German union ver.di
sign a new wage agreement for a period of
24 months retroactively effective May 1. All
employees who are subject to collective wage
agreements receive a one-time payment of € 65
in July and September 2004. Remuneration
rises by 2.7% from November 2004, and by an
additional 2.3% from November 2005.
The Postbank IPO is successfully completed;
the issue price per share is € 28.50. Deutsche
Post adopts an innovative transaction
structure to handle its subsidiary’s IPO in the
difficult market situation. It combines a public
share offer with an exchangeable bond on
Postbank stock and generates total proceeds
of around € 2.6 billion.
July
DHL Express and Nestlé Germany extend
their existing cooperation and sign a master
agreement on parcel distribution in Germany.
DHL collects the items from Nestlé and its
subsidiaries. Nestlé’s service providers are also
integrated into the master agreement and
ship their goods via DHL.
April
In the Netherlands, Deutsche Post Global Mail
acquires the 30% interest in the Interlanden
B. V. joint venture previously held by the
Wegener group and now holds a 100%
interest in the major provider of unaddressed
advertising mail in the Netherlands.
May
The Annual General Meeting resolves a
dividend totaling € 490 million for 2003,
representing a dividend of € 0.44 per share
and an increase of 10% year-on-year.
DHL offers its complete product portfolio in
the ten new member states of the European
Union. As there are no longer customs restric-
tions on imports and exports, handling and
dispatch are simplified.
Deutsche Post Global Mail announces the
acquisition of the two US mail service
providers SmartMail and QuikPak. Customers
in the USA will in future receive one-stop
national and cross-border mail services.
January
Deutsche Post Global Mail acquires the British
company Speedmail International, one of the
few licensed postal companies that are active
on the national mail market and transport
international business mail to and from the UK.
February
DHL Express starts operating an integrated
road transport network in the USA and
Canada. DHL and Airborne Inc. now offer a
uniform product range that combines DHL’s
reliable international service with the
domestic strengths of Airborne Inc. on the
US market.
March
DHL and Lufthansa Cargo start jointly
operating five international routes. DHL thus
further optimizes its global network, and
customers benefit from more frequent
connections between the American, Asian
and European regions.
Milestones in 2004