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

DEUTSCHE POST AG

(DPW)
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Deutsche Post : to Invest in Expansion of South Korean Airport Gateway

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10/15/2019 | 10:58am EST

By Max Bernhard

Deutsche Post AG (DPW.XE) said Tuesday that its DHL Express unit plans to invest 131 million euros ($144.4 million) in the expansion of a gateway near South Korea's Incheon International Airport.

"With one of the world's highest rates of online shopping, and its trajectory to become the world's third-largest e-commerce market after China and the U.S. by 2023, this gateway expansion will create the foundation for e-commerce businesses to expand both locally and across the Asia Pacific region," said Byungkoo Han, country manager of DHL Express Korea.

Completion of the expansion is expected for the second quarter in 2022, the company said.

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

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Financials (EUR)
Sales 2019 63 935 M
EBIT 2019 4 150 M
Net income 2019 2 650 M
Debt 2019 13 858 M
Yield 2019 3,47%
P/E ratio 2019 16,1x
P/E ratio 2020 14,0x
EV / Sales2019 0,88x
EV / Sales2020 0,85x
Capitalization 42 545 M
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Mean consensus BUY
Number of Analysts 26
Average target price 36,03  €
Last Close Price 34,44  €
Spread / Highest target 30,7%
Spread / Average Target 4,63%
Spread / Lowest Target -18,7%
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Managers
NameTitle
Frank Appel CEO & Head-Global Business Services
Nikolaus von Bomhard Chairman-Supervisory Board
Melanie Kreis Head-Finance
Kenneth Allen Director
Werner Gatzer Independent Member-Supervisory Board
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