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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Post AG    DPW   DE0005552004

DEUTSCHE POST AG

(DPW)
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Deutsche Post : DHL boosts presence in Saudi Arabia with new logistics facility

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02/12/2019 | 12:35pm EDT

DHL boosts presence in Saudi Arabia with new logistics facility

Riyadh – Mubasher: DHL, the German international logistic services provider, on Tuesday announced the opening of a $30.5 million logistics facility in the Saudi eastern province of Dhahran.

The state-of-the-art logistics facility is part of DHL’s regional expansion plan, which saw $170 million in infrastructure projects in the Middle East and North African (MENA) region over the previous five years, the global express and logistics provider said in a statement.

“Our investment will enable even better connectivity between Saudi Arabia and the world, and will help support the growth of our customers through the ongoing boom in cross-border trade,” DHL Express Global’s CEO John Pearson stated.

The German firm further explained that its new branch in the GCC nation will comprise storage centre and logistics fulfilment, while its total area will amount to 21,272 square metres.

“The Kingdom of Saudi Arabia is an important market for us and we have continued to invest in the region’s biggest economy to make the most of the market’s potential by bettering DHL’s capacities, technologies, flight frequencies and customs clearance competencies.” Nour Suliman, DHL Express’ CEO in MENA region, noted.

DHL’s, which is a subsidiary of Deutsche Post DHL Group, business in MENA is distributed over 19 nations, with 5,700 workers.

The firm’s global portfolio includes offering services in national and international parcel delivery, e-commerce shipping, fulfillment solutions, international express, road, air, and ocean transport to industrial supply chain management.

In January, DHL unveiled opening a $5.8 million new logistics facility in Jordan.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (EUR)
Sales 2019 64 144 M
EBIT 2019 4 132 M
Net income 2019 2 662 M
Debt 2019 13 374 M
Yield 2019 4,06%
P/E ratio 2019 13,7x
P/E ratio 2020 12,0x
EV / Sales2019 0,77x
EV / Sales2020 0,74x
Capitalization 36 266 M
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