PRELIMINARY
Q1 2021 EARNINGS
RELEASE
09April2021
Q1 2021: Preliminary Divisional EBIT and main drivers
EBIT in €m | Q1 2020 | Q1 2021 | yoy | yoy in % | Management comments |
EBIT | Prelim. EBIT | ||||
Group | 592 | ~1,900 | ~1,308 | 221% | Broad e-commerce exposure drives continued B2C growth; |
B2B activities continue to recover | |||||
t/o DHL Express | 393 | ~955 | ~562 | 143% | Continued strong B2C growth and further recovery in B2B volumes |
t/o DGFF | 73 | ~215 | ~142 | 195% | OFR and AFR volumes turning back to growth; |
GP/unit stays at attractive levels | |||||
t/o DSC | 105 | ~165 | ~60 | 57% | Gradual recovery of B2B activity levels continuing |
t/o DeCS | 6 | ~115 | ~109 | 1817% | Continued strong B2C growth across all networks |
t/o P&P Germany | 334 | ~555 | ~221 | 66% | Continued strong B2C growth in Parcel Germany; |
Mail volume decline improving but still below historic trend of -2 to -3% | |||||
t/o Group Functions | -319 | ~-100 | ~219 | 69% | Q1 2021 in line with FY21 guidance of €-400m; |
Q1 2020 included €-234m Streetscooter | |||||
Q1 2021 Preliminary Free Cash Flow: ~€1.0bn (+€1.4bn yoy)
Q1 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 09 APRIL 2021 | 2 |
Upgraded 2021 set;
Full detailed guidance update on May 5th 2021
in € bn
EBIT | 2021 Guidance |
Group | Significantly above 5.6 |
DHL | Significantly above 4.5 |
P&P Germany | Above 1.6 |
Group Functions | ~-0.4 |
Free Cash Flow | Significantly above 2.3 |
Gross Capex | ~3.4 |
(excl. leases) | |
Tax Rate | 26-28% |
Base assumptions: |
Mid-term Guidance | |
2023 Group EBIT | >6 |
Free Cash Flow | 7.5-8.5 |
2021-2023 cumulative | |
Gross Capex (excl. leases) | 9.5-10.5 |
2021-2023 cumulative | |
- B2C growth normalizing in course of 2021
- Continued and gradual B2B recovery globally
Q1 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 09 APRIL 2021 | 3 |
Disclaimer
This presentation contains certain statements that are neither reported results nor other historical information. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Deutsche Post AG's ability to control or estimate precisely, such as future market and economic conditions, the behavior of other market participants, the ability to successfully integrate acquired businesses and achieve anticipated synergies and the actions of government regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. Deutsche Post AG does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation.
This presentation does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any security, nor shall there be any sale, issuance or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law.
Copies of this presentation and any documentation relating to the Offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from Australia, Canada or Japan or any other jurisdiction where to do so would be unlawful.
This document represents the Company's judgment as of date of this presentation.
Q1 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 09 APRIL 2021 | 4 |
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Deutsche Post AG published this content on 09 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2021 16:26:05 UTC.