Postal company interested in buying delivery company

The latest deal in the field was the takeover of local operator Cargus by international group DHL. Market sources say local delivery companies Fan Courier and Couriero could be targeted by CNPR. 

According to CNPR representatives, the postal company lost in market share on the express delivery segment, in the past three-four years, down to some 13 percent currently. The restructuring plan is pending a government decision, following its approval by the management. 

CNPR posted total incomes of RON1.074 billion (€321 million) in 2007, 25 percent higher year-on-year, but below expectations. "Incomes have been substantially affected by higher costs and lower fees for social rights distribution, from 1.3 percent to 0.7 percent in the last four months of 2007. Also, expenses totaled RON 1.036 bln (€310 mln) ," company representatives said. CNPR posted turnover worth RON 1.043 bln (€312.5 mln) and RON 37.4 mln (€11 mln) in gross profit. Company officials estimate turnover amounting to some €400 mln for 2008.