Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

DEUTSCHE POST AG

(DPW)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Deutsche Post : profit jumps, helped by Chinese supply chain deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2019 | 02:12am EDT
A Deutche Post sign stands in front of the Bonn Post Tower in Bonn

BERLIN (Reuters) - Deutsche Post confirmed its profit forecast on Friday after first-quarter earnings jumped 28 percent, boosted by a supply chain partnership in China.

The German post and logistics group reported a 4.1% increase in first-quarter sales to 15.4 billion euros (13.3 billion pounds), while operating profit came in at 1.2 billion euros, in line with the average forecast in a Reuters poll.

"The first quarter played out as we expected. We achieved growth in all five divisions. This shows that we are very well-positioned in attractive markets and that our fundamental growth drivers are intact," Chief Executive Frank Appel said in a statement.

The company, which is partly state-owned, has enjoyed a boom in volumes thanks to the rapid growth in parcel shipments by online retailers such as Amazon.com and Zalando, but price increases have not kept pace with its costs.

At the start of this year it split its former Post - eCommerce - Parcel (PeP) division into separate German and international units as part of restructuring measures to raise profitability.

Deutsche Post said these measures are expected to be one of the main drivers for full-year earnings growth, although operating profit at the German post and parcel unit fell 44% in the quarter, hit by higher staffing costs and investments to automate and expand its parcel infrastructure.

Profit also fell at its new e-commerce solutions business, hurt by restructuring expenses and declined slightly at its DHL Express division as it reduced the volume of heavy shipments.

But operating profit rose sharply at both its global forwarding, freight business and its supply chain business, with the latter boosted by a one-time positive effect from a supply chain agreement with S.F. Holding in China.

Chief Financial Officer Melanie Kreis told journalists there should be an improved dynamic in the second half due to a postal fee increase in Germany among other factors.

Last month, German regulators agreed Deutsche Post could increase prices by 10.63 percent from July 1 in return for the company pledging to hire an extra 5,000 delivery workers.

Deutsche Post confirmed its guidance for operating profit to rise to between 3.9 billion euros and 4.3 billion euros in 2019, and confirmed its outlook for the metric to reach at least 5 billion euros by 2020.

(Reporting by Caroline Copley and Matthias Inverardi; Editing by Riham Alkousaa & Uttaresh.V)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE POST AG
06/19DEUTSCHE POST AG : Release according to Article 40, Section 1 of the WpHG [the G..
EQ
06/14DEUTSCHE POST AG : Form notification of share repurchase programme
EQ
06/13DHL says it will invest $150 million to expand U.S. healthcare business
RE
06/11DEUTSCHE POST AG : Release according to Article 40, Section 1 of the WpHG [the G..
EQ
06/05DEUTSCHE POST : APPLIES FOR NEW LETTER PRICES, EFFECTIVE JULY 1, 2019; A standar..
AQ
06/05DEUTSCHE POST : Dhl freight deploys 30 brand new high technology trucks as part ..
AQ
06/05DEUTSCHE POST AG : Release according to Article 40, Section 1 of the WpHG [the G..
EQ
06/04DEUTSCHE POST AG : Notification and public disclosure of transactions by persons
EQ
06/04DEUTSCHE POST AG : Correction of a release from 29/05/2019 according to Article ..
EQ
06/03DEUTSCHE POST : Requests Approval for Postage Rate Increases
DJ
More news
Financials (€)
Sales 2019 64 298 M
EBIT 2019 4 195 M
Net income 2019 2 720 M
Debt 2019 13 892 M
Yield 2019 4,47%
P/E ratio 2019 12,43
P/E ratio 2020 10,91
EV / Sales 2019 0,74x
EV / Sales 2020 0,71x
Capitalization 33 781 M
Chart DEUTSCHE POST AG
Duration : Period :
Deutsche Post AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE POST AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 34,6 €
Spread / Average Target 27%
EPS Revisions
Managers
NameTitle
Frank Appel CEO & Head-Global Business Services
Nikolaus von Bomhard Chairman-Supervisory Board
Melanie Kreis Head-Finance
Werner Gatzer Independent Member-Supervisory Board
Henning Kagermann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE POST AG16.81%36 837
UNITED PARCEL SERVICE3.97%81 023
FEDEX CORPORATION1.48%39 696
EXPEDITORS INTERNATIONAL OF WASHINGTON INC.7.37%12 066
SG HOLDINGS CO LTD--.--%9 017
YAMATO HOLDINGS CO., LTD.-24.00%8 350