* German authorities approve price hike for standard letters
* Price increase is first in 15 years
* Hike could boost mail revenue by 100 mln eur - analyst
(Adds background, analyst comments)
FRANKFURT, Oct 1 German regulators have approved
Deutsche Post's plan to raise the price of stamps for
standard letters next year, a move analysts said could add up to
100 million euros ($129 million) to the company's mail revenues.
The price hike, the first in 15 years, was due to general
cost trends, the German network agency said on Monday.
Davy Research analysts have said Deutsche Post's regulated
mail revenues total around 3.5 billion euros.
"Therefore the increased stamp price could add up to an
incremental 100 million euros to Deutsche Post mail revenues,"
Davy said in a note on Sept. 17, a few days after the company
announced proposed price hikes.
Mail prices for letters weighing up to 20 grams will rise to
58 cents from Jan. 1, 2013 from the current price of 55 cents,
the first price increase since 1997.
Letters of up to 1 kilogram will be priced at 2.40 euros
from 2.20 euros.
Analysts said the price increases represent an average 2.8
percent hike for all affected products of the company.
The mail division's revenue rose to 6.85 billion euros in
the first half of this year, slightly above the 6.78 billion for
the same period last year.
($1 = 0.7773 euros)
(Reporting by Marilyn Gerlach; Editing by Mark Potter)