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

DEUTSCHE POST AG

(DPW)
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Deutsche Post : Takes Step to Ramp Up Sales of its Electric Vans

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12/07/2018 | 09:13am EDT

By Max Bernhard

Deutsche Post AG (DPW.XE) has received German approval for large series production of its electric-van entry-model, which will make it easier to sell abroad, the postal service said Friday.

"Approval for large series production means that when filling fleet orders, large numbers of vehicles can be put on the road without problems, including abroad," Achim Kampker, Chief Executive of Street Scooter GmbH, Deutsche Post's electric-utility-vehicle subsidiary, said.

A second manufacturing site was opened in Germany in May, increasing annual production capacity to up to 20,000 electric vans, according to the company.

Street Scooter has already received large series production approval for its Work XL model, which is being built in cooperation with Ford Motor Co (F) in Cologne.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE POST AG -1.18% 28.07 Delayed Quote.17.40%
DEUTSCHE POST AG ADR End-of-day quote.
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Financials (€)
Sales 2019 64 193 M
EBIT 2019 4 175 M
Net income 2019 2 743 M
Debt 2019 13 928 M
Yield 2019 4,37%
P/E ratio 2019 12,77
P/E ratio 2020 11,25
EV / Sales 2019 0,76x
EV / Sales 2020 0,73x
Capitalization 34 709 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 34,6 €
Spread / Average Target 23%
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Managers
NameTitle
Frank Appel CEO & Head-Global Business Services
Nikolaus von Bomhard Chairman-Supervisory Board
Melanie Kreis Head-Finance
Werner Gatzer Independent Member-Supervisory Board
Henning Kagermann Member-Supervisory Board
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