German Post AG
|German Post AG
|founding||January 2, 1995 (privatization)|
|Seat||Bonn , Germany|
|Number of employees||546,924 (including 29,296 civil servants) (December 31, 2019)|
|sales||63.34 billion euros (2019)|
The German Post AG , based in Bonn is a publicly traded logistics and postal companies , which in 1995 from the former Authority German Federal Post Office emerged. The group has had a new name since 2015, which also stands for a simplified structure with two instead of the previous four focuses: the international logistics business under the “ DHL ” brand and the national postal business under the “Deutsche Post” and “DHL” brands; the word “Deutsche Post DHL” has been supplemented by the term “Group”.
Deutsche Post AG was established between 1989 and 1995 through the privatization of the Deutsche Bundespost - Postal Service ("yellow post"). At the same time, the area called “Telecommunications Service” (“gray post”) became Deutsche Telekom and the Postbank area (“blue post”) became Postbank . The Federal Ministry of Post and Telecommunications initially remained responsible for the sovereign tasks in the postal system. Later the newly created regulatory authority for telecommunications and post took over the tasks of the intermediate authorities. This includes, among other things, monitoring compliance with the competition-regulating regulations in the field of postal services. The Federal Agency for Post and Telecommunications was founded for civil service and supply law tasks for the post office officials who remained with the company .
The company was led by Klaus Zumwinkel from 1990 to 2008 . He offered his resignation on February 15, 2008 following public pressure, shortly before investigations into tax evasion against him became public.
Since 1998, Deutsche Post has been promoting the Institute for the Future of Work through its in-house Post Foundation with extensive scientific sponsorship . In 2000, the foundation stone of the Post Tower in Bonn was laid, which has served as corporate headquarters since 2002. With restructuring and acquisitions, the company was made competitive and marketable and prepared for privatization ; In November 2000, Deutsche Post was successfully floated on the stock exchange. When the company was listed on the stock exchange, private investors outside Germany were also offered shares on the same terms.
In 2002 the parcel and letter express service DHL International was taken over and since then it has been expanded as a branch for logistics. The previous parcel service of Deutsche Post in Germany was continued under the brand "DHL". Since 2006 the group has been operating the research and development center “DHL Innovation Center” in Troisdorf near Bonn, which is available to business customers for information about technologies such as RFID , geodata and GPS applications.
The Postal Act granted Deutsche Post a number of limited exclusive rights until December 31, 2007, in return for which universal service obligations were required. Since January 1, 2008, Swiss Post has no longer had exclusive licenses, and theoretically there has been free competition on the German postal market since then. The complete liberalization of the postal market in Europe took place on January 1, 2013. The company is therefore working on continuously increasing its foreign share of sales.
Stock exchange, privatization and shareholder structure
The privatization of the German Post took place at the end of 1999; In anticipation of the IPO, in December 1999 the federal government sold 50% of the share capital to the Kreditanstalt für Wiederaufbau (KfW) by means of a so-called placeholder transaction. Over the years, the remaining federal shares were also completely transferred to KfW. When the company went public (IPO) in November 2000, the Federal Government and KfW placed around 29% of Deutsche Post's capital from KfW's holdings, generating proceeds of around € 6.6 billion. Since the IPO, the shares of the federal government and KfW in Deutsche Post have been gradually reduced further:
In 2001/2002, the proportion of freely traded shares increased as part of an acquisition of DHL by Deutsche Post AG as well as the issue of bonus shares to eligible small shareholders.
- In a second placeholder business, the federal government sold around 30% of the shares in Deutsche Post to KfW in November 2003.
- In December 2003 KfW sold approx. 5.7% of the shares to institutional investors and issued an exchangeable bond with a volume of € 1.15 billion, convertible into Deutsche Post shares.
- In November 2004 KfW again sold around 6.6% of the company's shares on the capital market to institutional investors.
- In January 2005, the federal government sold around 13% of the shares in Deutsche Post to KfW.
- At the beginning of 2005 KfW placed an exchangeable bond worth € 1.1 billion on the Japanese market (so-called Uridashi). The buyers were private investors.
- In June 2005 KfW sold a further 11.4% of Deutsche Post shares on the capital market. As a result of this transaction, the share held by the federal government and KfW fell below 50%.
- In July 2005, the federal government sold the remaining 7.3% of the shares in Deutsche Post to KfW as part of a further placeholder deal. The federal government therefore no longer directly owns any shares in Deutsche Post.
- In July 2006 KfW sold a further 6.1% of the shares in Deutsche Post to institutional investors.
- Due to the almost complete exercise of the exchangeable bond issued in December 2003, KfW's stake in Deutsche Post decreased by a further 4.6% in January 2007.
- In July 2009 KfW placed an exchangeable bond for € 750 million with a term of 5 years and a volume of 4.5% of the shares.
- In September 2012 KfW sold a further 5.0% of the shares to institutional investors. As a result, their stake in the company fell to 25.5%.
- In 2013, the exchange of the bond from 2009 reduced KfW's stake in the company to 21.0%.
The company's capital is divided into around 1.24 billion registered shares . The share held by the Kreditanstalt für Wiederaufbau of around 20.6% is regarded as permanent holdings, the remaining 79.4% of the shares are considered to be free float .
For shareholders with reportable shares see table:
as of July 28, 2020
|24.89||Federal Republic of Germany|
|24.89||Reconstruction Credit Institute|
|5.08||BlackRock , Inc.|
Deutsche Post has been part of the German leading index DAX since 2000 . Due to the consistently high dividend yield over the years, the Post share has been included in the DivDAX since September 2011 . In 2013, Deutsche Post moved into the EURO STOXX 50 .
As of December 31, 2010, Deutsche Post was active in over 220 countries and territories and at that time employed 467,088 people, the majority of them abroad, making it the largest company in Europe in terms of employees. In Germany, Deutsche Post employs 165,781 people. The number of employees in Germany is stable, but in Europe outside Germany it has fallen by 8% as a result of the sale of Express business units in Great Britain and France. In the 2013 financial year, the number of employees increased from 428,287 to 435,520.
|including employees in Germany||201,425||203,607||205.731||208,740||211.093||215,802||222,647||190.263|
|Personnel expenses (in € million)||17,770||17,776||18,189||19,960||19,592||20,072||20,825|
|Number of planes||168||170||176||182||190||208||214||> 260|
|number of vehicles||91,973||92,328||97.165||98,478||103,573|
|including vehicles with electric drive||346||881||2,432||6,040||9.114||13,464 (13%)|
Since its privatization, Deutsche Post has grown into a large logistics group , primarily through company acquisitions (including DHL , Danzas and Exel ). The group is divided into the following operational divisions:
The so-called Corporate Center carries out the group management tasks.
Post & Parcel Germany division
The Post & Parcel Germany division ( Post - eCommerce - Parcel or " PeP " until the end of 2018 ) with around 192,000 employees is divided into Letter Communication, Dialog Marketing, Press Services, Value Added Services, Parcel Germany, Global Mail and Pension Service . There are 155,000 employees under the Deutsche Post brand and 37,000 employees under the DHL brand. Every working day they deliver an average of 66 million letters to 3 million business customers and 39 million private households, of which 95.7% (measured in 2005) should reach their recipient one day after being posted. 82 letter centers and 36 parcel centers form a Germany-wide network in which remote residential areas such as the North Frisian Halligen are served. The branch network consists of around 27,000 branches and sales points as well as around 2,500 packing stations . Deutsche Post has not operated its own branches since 2012, with one exception at the headquarters in Bonn. The branches are all run as externally operated agencies. Therefore, overall services can no longer be demanded from individual agencies. To control the branch system, there are responsible area managers who recruit the agencies and look after them professionally. After Postbank was spun off , the pension service was relocated from the former Financial Services division to the Post - eCommerce - Parcel division .
The EXPRESS division transports standardized express and courier shipments worldwide. EXPRESS employs around 100,000 people. The global network consists of three main global hubs (airports) and 32,300 service points in 220 countries and territories. The division has a fleet of 62,000 vehicles and 250 aircraft.
Global Forwarding, Freight
The Global Forwarding, Freight division has 41,000 employees. It extends over 170 countries and includes the transport of goods by rail, road, air and sea. To this end, 2.3 million tons of air freight and 2.9 million TEU sea freight are moved annually .
The DHL Freight division is one of the largest providers of land transport in Europe. In the field of road freight transport , DHL takes second place there. The company originally came from the acquisition of Danzas .
The Supply Chain division includes contract logistics , warehouse and warehouse transport services.
The subsidiary Deutsche Post Fleet GmbH ( fleet , German "Flotte") is integrated under Corporate Center .
Former and outsourced activities
Deutsche Post Mobility
, The German postal Mobility GmbH was a Fernbusunternehmen sold under the brand name Postbus - the bus for Germany occurred. The company was founded in August 2013 together with the ADAC, both partners held 50% of the company. In November 2014, ADAC announced that it would end its stake in Postbus on March 31, 2015. From spring 2014 to October 31, 2016, Deutsche Post Mobility GmbH will connect the thirty largest cities in Germany with around sixty buses on nine lines. On November 1, 2016, Postbus was taken over by market leader Flixbus .
Since January 2015, Deutsche Post has been offering holiday offers with Post Reisen together with Eurotours . Eurotours acts as a tour operator. Post Reisen relies on direct travel sales, so the holiday offers can be booked via the Internet or by telephone via the call center. The focus of the portfolio is on trips to Germany, Austria and neighboring countries.
With the takeover of the British logistics company Exel (see DHL Supply Chain ) in December 2005, Deutsche Post AG is the world market leader in the areas of air, sea (both DHL Global Forwarding) and contract logistics (DHL Supply Chain) with an annual turnover of 55 billion euros become. In addition, activities in the field of European land transport have been bundled in the DHL Freight business line. Measured by its 500,000 employees, Deutsche Post is the seventh largest company in the world and the largest German company.
Deutsche Post is also active in the US express business, where it competes with UPS and FedEx . In 2007 the Express division posted an operating loss of 174 million euros. In November 2008, Deutsche Post decided to restrict the US express business. Shipping of parcels within the USA was discontinued at the end of January 2009. A total of 9,500 jobs were cut in the United States. International shipping of packages to and from the USA is still possible.
In-house vehicle developments
In December 2014, Deutsche Post bought the Aachen- based electric vehicle manufacturer Streetscooter . The aim was to build their own electric delivery vans in the future. It took over the development and production rights to the vehicles as well as the employees who had been employed until then. The company was integrated into the Post, E-Commerce and Parcel division, which at the time was headed by board member Jürgen Gerdes. With the StreetScooter, Swiss Post wanted to save 60–80% of the costs for maintenance and wear and tear and 60–70% of the costs for fuel, while also reducing CO 2 emissions. Electric vehicles were also exempt from vehicle tax for ten years. Until the end of 2016, the vehicles were only manufactured for personal use. The transport vehicles have also been sold since 2017.
Deutsche Post intended to sell street scooters since 2019. After no partner could be found for the company and the losses in 2019 amounted to up to 100 million euros, the Post announced in February 2020 that it would cease production of the street scooters in the course of 2020. The group subsidiary will now be a pure operator of the existing fleet. The decision resulted in one-off expenses and depreciation of up to EUR 400 million at Post.
In addition, Deutsche Post DHL is dealing with the topic of “self-driving vehicles in logistics”.
Branches and branches
In contrast to the postal companies in other developed countries, the Deutsche Post has almost no branches of its own since privatization. An exception to this is the in-house post office at the corporate headquarters in Bonn or the branch in the German Bundestag. The products are sold, and parcel delivery and acceptance takes place via branches of the Postbank and postal agencies such as toy shops, kiosks, book and travel centers or shisha bars.
Some of the company divisions are outsourced as service branches, for example: Legal service branch (with the corporate security department) in Weingarten (Württemberg) .
Klaus Zumwinkel led the company from 1990 to 2008, most recently he was the longest-serving chairman of a DAX company. On February 18, 2008, he resigned from office on suspicion of tax evasion. Frank Appel was then unanimously elected as his successor with immediate effect.
In June 2017 the following persons belonged to the board:
- Frank Appel (CEO, since February 2008)
- Ken Allen (eCommerce Solutions, since February 2009)
- Tobias Meyer (Post & Parcel Germany, since April 2019)
- John Pearson (Express, since January 2019)
- John Gilbert (Supply Chain, since March 2014)
- Melanie Kreis (Finance, Global Business Services and since October 2016 until further notice additionally responsible for the Human Resources department, since October 2014)
- Tim Scharwath (Global Forwarding Freight, since June 2017)
- Thomas Ogilvie, ( Personal, Corporate Incubations, since September 2017)
Closure of post offices
Since Deutsche Post has been reducing the number of branches for years and working with partner companies such as McPaper or supermarkets, there has been resistance from broad sections of the population. In the beginning, only rural post offices were closed and replaced by postal agencies , but this increasingly also applies to large cities and their suburbs. The massive reduction in the number of mailboxes and their reduced emptying times in the early and mid-2000s is also criticized.
Since around 2013, an opposite development has set in with the increase in Internet shipping. Many new DHL parcel shops have opened. However, these do not accept letters.
VAT exemption (until June 30, 2010)
Since July 1, 2010, postal service companies that offer their services nationwide, including Deutsche Post AG, have been paying sales tax in the business customer area . The corresponding amendment to the law was passed by the Bundestag and Bundesrat in March 2010 . Deutsche Post AG remains exempt from sales tax in the private customer sector; since July 1, 2010, this regulation has been in force for all postal service providers ( No. 11b UStG ).
Until June 30, 2010, Swiss Post was completely exempt from sales tax. In the past, the VAT exemption was justified by the fact that the Post was the only company to offer “nationwide universal services”. After the fall of the letter monopoly , this tax privilege on sales tax was objected to by the European Union. The European Union had urged the then federal government to abolish the tax privilege of the post office and to create equal conditions for all postal companies on the German market.
In 2002, Deutsche Post AG was awarded the negative data protection prize Big Brother Awards in the consumer protection category “because of its handling of address details from post-forwarding requests in a manner contrary to data protection law”.
Lawsuits from competitors
On behalf of its members, the Federal Association of International Express and Courier Services filed many complaints against Deutsche Post AG before German courts, the EU and the RegTP . Among other things, they were directed against cut- throat competition , the abuse of a dominant market position and state aid for DPAG.
Post strike 2015 - outsourcing to DHL Delivery
The focus of the labor dispute between the Ver.di union and Deutsche Post AG since the beginning of 2015 was the fact that the Post had founded a total of 49 new regional companies in the parcel business called DHL Delivery GmbH , whose around 6,500 employees are paid less than their colleagues in the Post Office. House rate . From the union's point of view, the new companies are violating a contract in which Swiss Post committed itself to restrict outsourcing.
In the open-ended strike from June 8 to July 7, 2015, the Ver.di union represented around 140,000 Swiss Post employees, of whom, according to Ver.di, around 32,000 were on strike. In the media, the labor dispute was described as the toughest dispute at the Post in decades. In an opinion poll, a total of 42 percent of 1,370 respondents said they had received important mail too late due to the collective bargaining conflict.
As a result, employees will receive a one-off payment of 400 euros on October 1, 2015, two percent more on October 1, 2016 and another 1.7 percent more on October 1, 2017. The protection against dismissal for employees was extended until 2019. The union was unable to assert itself with its demand for the regional companies to be dissolved. Swiss Post has promised to keep its parcel delivery service with the group, but new employees can continue to be employed in the outsourced companies.
Employees who start at Swiss Post and are absent for more than 20 days due to illness in the first two years have no prospect of a permanent job. As it became known in May 2018, the group makes permanent employment contracts dependent, among other things, on the employee's sick days. This is stipulated in a so-called long-term concept of the corporate management, which was sent to all branch managers.
- Electroreturn was a service provided by Deutsche Post, which made it possible to recycle old or defective small electrical appliances (especially cell phones).
- Since October 1, 2014, Deutsche Post AG has outsourced parts of its E-POST sales to the Siegfried Vögele Institute GmbH. DPAG's social standards and collective agreements do not apply there.
- Deutsche Post has developed the Infopost-Manager software tool to optimize postage and prepare mailings for dispatch .
- ePost was an email service from Deutsche Post that was introduced in 2000 and discontinued in 2005. In July 2010, Deutsche Post introduced the E-Postbrief with paid, secure e-mails in competition with the upcoming De-Mail .
- On August 13, 2014, the company presented its new instant messaging service SIMSme , which makes it possible, for example, to send text and video messages.
- In recent years, Deutsche Post has increasingly developed and expanded its Internet offerings, some of which are closely related to “conventional” postal services, such as B. Post Individually or mailingfactory.de , some are those that are pure Internet services such as allesnebenan.de , allyouneed.com (formerly meinpaket.de ) or umziehen.de . The Post also expanded more in the online advertising market and bought in August 2010 Nugg.ad and in April 2011 Adcloud . The franking of mail items has been possible with the Internet stamp service for some time .
- With the Postofficeshop , Deutsche Post operates an online shop exclusively for business customers. The offer consists of office supplies , postage stamps , shipping packaging and e-products from Deutsche Post.
- In July 2012, Deutsche Post AG took over intelliAd, a provider of search engine advertising.
- In June 2013, Deutsche Post took over an email marketing service provider called optivo.
- Thanks to its large fleet of delivery bicycles, Deutsche Post is the largest bicycle holder in Germany. The bicycle fleet is thus also one of the largest in Europe. In 2003, 25,700 Post bicycles were in daily use, 4,000 of which were e-bikes. In 2013, 18,000 postal bicycles are on the road, 6,000 of which are e-bikes (or pedelecs ).
- In September 2015, Deutsche Post announced its entry into the Austrian market. 2000 parcel shops were planned.
- At the end of June 2019, the free fax service with its own 032 number was discontinued.
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