FRANKFURT Nov 15 German postal services group
Deutsche Post plans to increase the letter stamp
price for its home market to 60 cents per letter from 58 cents
as of next year, newspaper Handelsblatt reported on Friday.
Citing sources, the paper said Deutsche Post will put in a
request for the price hike with the regulator, the German
Federal Network Agency, on Friday.
A Deutsche Post spokesman declined to comment.
The regulator last month proposed to allow Deutsche Post to
increase stamp prices in its home market over the next five
Deutsche Post is the world's largest postal and logistics
group and makes its profit mainly from its express courier
services, forwarding and supply chain businesses.
Its Mail unit currently generates a quarter of the group's
revenue but is grappling with a slowdown in the amount of
letters posted in Germany.
Mail's revenues rose 5 percent in the third quarter to 3.44
billion euros thanks in part to the continuing growth in online
retailing in Europe's biggest economy.
(Reporting by Harro ten Wolde; Editing by Mark Potter)