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

DEUTSCHE POST AG

(DPW)
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DHL says it will invest $150 million to expand U.S. healthcare business

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06/13/2019 | 10:28am EDT
A DHL logo is seen on a DHL Boeing 757 aircraft during a charity fundraising event at the Safi Aviation Park in Safi

LOS ANGELES (Reuters) - Deutsche Post DHL Group on Thursday said it will spend $150 million this year to expand its U.S. healthcare distribution network capacity by roughly 40 percent.

The investment from DHL, the healthcare logistics leader with worldwide annual medical-related revenue of more than 3 billion euros ($3.4 billion), comes as rivals United Parcel Service Inc and FedEx Corp also eye that sector for growth.

DHL's Supply Chain unit will add or expand nine Food and Drug Administration-compliant distribution sites for pharmaceutical, biotech and medical device companies in Indiana, North Carolina, Tennessee, Pennsylvania, California and Virginia - bringing the total of such U.S. facilities to 30.

Healthcare is the fastest-growing sector for DHL's North American Supply Chain unit that counts Zimmer Biomet Holdings and Avanos Medical Inc among its U.S. customers.

It stores products in temperature-controlled facilities for healthcare customers, who send orders to the site to be packed and shipped to wholesalers, hospitals and doctors' offices.

Outsourcing those services helps companies increase reliability and reduce costs that can help slow ballooning U.S. healthcare costs, experts said.

"This market is changing pretty dramatically," Scott Cubbler, president of Life Sciences & Healthcare at DHL Supply Chain, said of the U.S. healthcare industry that is navigating consolidation, changing regulations and cost pressures.

U.S. car makers and other manufacturers have been squeezing cost and waste from supply chains for years, but "healthcare is relatively late" to such efforts, said Steven Melnyk, professor of supply chain management at Michigan State University's Broad College of Business.

DHL's investment also covers technology that reduces labor and inventory costs - including robots that assist with "picking" products; glasses that guide warehouse workers to the location of particular items; and computer "dashboards" that allow customers to track goods.

Parcel delivery companies like DHL, UPS and FedEx have spent years building and acquiring the expertise and infrastructure to handle heavily regulated, high-value and sensitive products like cancer drugs and vaccines.

That gives them a leg up over would-be rivals like Amazon.com Inc, which is building its own logistics network and inching into the healthcare business.

(Reporting by Lisa Baertlein, Editing by Rosalba O'Brien)

By Lisa Baertlein

Stocks mentioned in the article
ChangeLast1st jan.
AVANOS MEDICAL INC -4.01% 40.18 Delayed Quote.-6.54%
DEUTSCHE POST AG -0.25% 29.465 Delayed Quote.23.23%
FEDEX CORPORATION -2.79% 165.05 Delayed Quote.5.24%
UNITED PARCEL SERVICE -3.20% 102.23 Delayed Quote.4.82%
ZIMMER BIOMET HOLDINGS 0.76% 123.02 Delayed Quote.17.71%
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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 36 316 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 34,21  €
Last Close Price 29,44  €
Spread / Highest target 56,3%
Spread / Average Target 16,2%
Spread / Lowest Target -23,6%
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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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DEUTSCHE POST AG23.23%40 864
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FEDEX CORPORATION5.24%42 369
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