DPW.DE - Deutsche Post AG

XETRA - XETRA Delayed Price. Currency in EUR
-0.95 (-3.28%)
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    6W - 9M
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Previous Close28.93
Bid0.00 x 90000
Ask0.00 x 463000
Day's Range27.98 - 28.75
52 Week Range19.10 - 35.00
Avg. Volume6,138,908
Market Cap34.57B
Beta (5Y Monthly)1.19
PE Ratio (TTM)16.11
EPS (TTM)1.74
Earnings DateAug 05, 2020
Forward Dividend & Yield1.25 (4.32%)
Ex-Dividend DateMay 14, 2020
1y Target Est35.77
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Moody's

      Deutsche Post Finance B.V. -- Moody's affirms Deutsche Post's A3 rating; outlook stable

      Moody's Investors Service, ("Moody's") has today affirmed Deutsche Post AG's ("Deutsche Post" or "DP") A3 long-term issuer rating, A3 senior unsecured instrument ratings, (P)A3 senior unsecured medium-term note programme (MTN) rating and Prime-2 (P-2) short-term issuer rating. Moody's also expects to assign an A3 rating to the proposed senior unsecured notes to be issued under its MTN programme, upon completion of the issuance.

    • Thomson Reuters StreetEvents

      Edited Transcript of DPW.DE earnings conference call or presentation 12-May-20 9:00am GMT

      Q1 2020 Deutsche Post AG Earnings Call

    • Deutsche Post says Europe business returning to normal

      Deutsche Post says Europe business returning to normal

      German logistics group Deutsche Post AG <DPWGn.DE> said on Tuesday it sees signs that business is normalising in Europe, but the coronavirus crisis continued to weigh in April after dragging down first-quarter earnings. Deutsche Post DHL, one of the world's biggest post and freight companies, said the pandemic depressed global freight volumes in the first quarter but boosted parcel shipments as consumers confined to their homes shopped more online. The Bonn-based company said it had seen express shipments in Europe recover in April after a dip in March, while parcel volumes, which soared to levels usually seen before Christmas in early April, moderated in the second half of the month.

    • Reuters

      Belgium's Bpost cancels outlook over pandemic uncertainty

      Belgian postal operator Bpost said on Monday the coronavirus pandemic had caused it to cancel its full-year guidance and suspend its current dividend policy. At the end of March, Bpost had said it expected its full-year group operating income to grow by a low single-digit percentage, with adjusted earnings before interest and taxes (EBIT) between 240 and 270 million euros. The group, which provides mail deliveries, parcel and e-commerce logistics, reported adjusted earnings before interest and taxes (EBIT) of 75.6 million euros for the first quarter, a 21% drop on the previous year, but beating company-provided consensus estimates of 74.2 million euros.

    • Bloomberg

      SAP Chief’s Short Stint ‘Disaster’ for German Diversity

      (Bloomberg) -- Jennifer Morgan broke new ground when she became the first woman to run one of Germany’s top-30 listed companies. Her tenure lasted less than a year.Software giant SAP SE appointed Morgan as co-chief executive officer in October alongside Christian Klein. It was heralded as a sign of progress for male-dominated corporate Germany, where a board member of a public company is more likely to be named Thomas than be a woman. But in the run up to financial results, the company canceled her planned interviews and abruptly announced she’ll be leaving at the end of April. Klein will become the sole CEO.“Germany has a special issue,” Simone Menne, former chief financial officer of Deutsche Lufthansa AG and Boehringer Ingelheim GmbH said. “There are still male voices saying there are no women in our industries who are capable of being senior leaders.”Menne left her position as CFO of Boehringer in 2017 following conflicts with chief executive officer Hubertus von Baumbach. Before she took the job, Menne had said in an interview that she wanted to run a company in the DAX, the index for the country’s 30 biggest publicly traded companies.But after three stints as CFO, Menne was never able to become CEO. A woman wouldn’t hold that role at one of the largest companies in the country until Morgan’s appointment in 2019. Menne now runs an art gallery and sits on the supervisory boards of BMW and Deutsche Post AG. She called Morgan’s departure “a disaster.”“We maintain our commitment to equal opportunities, for which we are seen as frontrunners. I read some comments that now even advise women not to pursue management careers. This does women in particular a disservice. After all, we should be encouraging them to take on top jobs, not discouraging them!” SAP’s German head of human resources Cawa Younosi said in an emailed response. “In my opinion it is important not to fall into stereotypes, to resist the triggers and not to generalize an individual case.”SAP blamed the Covid-19 pandemic for causing problems with its leadership structure saying the company will now shift to a lone CEO to provide a clearer management arrangement. Co-CEO models are becoming increasingly unpopular at software companies, because they can slow decision making and breed power struggles.Morgan didn’t respond to requests for comment.Read more: Software Companies Abandon Co-CEOs, Exposing the Model’s RisksThe leadership structure was disorganized and, at times, chaotic, a person familiar with the matter said at the time. With Morgan running the business in the U.S. and Klein in Germany, it took longer to get things done because, in certain instances, managers needed sign off from two different CEO offices, this person said, asking not to be named discussing the company’s internal dynamics.Over time, two distinct power centers emerged, the person said. Klein, who was based at the company’s headquarters in Germany also benefited from his close ties to Chairman Hasso Plattner, the person said.Management teams of listed German companies are predominantly male economists from the western side of the country in their mid-fifties, according to a report last year by the AllBright Foundation, a nonprofit that aims to promote diversity among business leaders. In the U.S.’s top 30 companies by market value, about 28% of the board members are female executives, according to the report. In Sweden’s top 30, that figure is about 23%. But in Germany, the DAX has about 15% in this powerful position.Still, the country, which has been run by a female chancellor for the last 15 years, is trying to change.In 2016, Parliament enacted a law that requires 30% of non-executive board members of German-headquartered companies must be women. In German companies, the board is split into a non-executive supervisory board and a management board. The supervisory board holds management accountable and makes decisions about the direction of the company.German families minister Franziska Giffey is proposing to introduce a quota for the executive board for publicly traded companies with more than 2,000 employees and at least four board positions.Janina Kugel, the former chief human resources officer at Siemens AG, said that getting a critical mass of women in top positions is vital to ending stereotypes of female leaders in Germany.“There is generally little openness or experience of diversity in Germany, not just with regards to gender,” said Kugel, who left Siemens in January. “I fear that the crisis is being used as an excuse to go back on issues like diversity.”Germany suffers from structural discrimination that stems from lack of legislation, she said.From a psychological standpoint, being around people from a similar background may make executives feel more secure when a business environment is unstable, said Philine Erfurt Sandhu, a lecturer at the Berlin School of Economics and Law.“Although diversity is needed more than ever for good decision making at the top, I am currently witnessing a reversal in Germany. Business leaders are looking for a sense of certainty among similar peers,” Sandhu said. “John likes to be with Johnny.”(Updates with additional comment from Kugel in 17th paragraph. A previous version of this story corrected data on women board members.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • DHL struggles to cope as online parcel volumes surge

      DHL struggles to cope as online parcel volumes surge

      Delivery business DHL <DPWGn.DE> is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers in Germany, parent company Deutsche Post said on Thursday. A Deutsche Post spokesman said that the extra pick-up trips to retailers had been reduced nationwide, adding that DHL was handling more than 8 million parcels a day, similar to pre-Christmas trade and compared to an annual average of around 5.2 million. The German association of online retailers (BVOH) had earlier highlighted the problem, saying if retailers had known about the bottleneck, they would have sought to rein in sales.

    • Thomson Reuters StreetEvents

      Edited Transcript of DPW.DE earnings conference call or presentation 8-Apr-20 7:30am GMT

      Preliminary Q1 2020 Deutsche Post AG Earnings Call

    • Deutsche Post DHL Posts Pre-Tax Profit Despite COVID-19 Outbreak

      Deutsche Post DHL Posts Pre-Tax Profit Despite COVID-19 Outbreak

      The coronavirus pandemic dented first quarter profit by 200 million euros ($218 million) at German logistics giant Deutsche Post DHL Group (OTCMKTS: DPSGY), but officials say the company's geographic and product diversity will help it weather the crisis.Preliminary pre-tax profits of 590 million euros ($645 million) were also affected by restructuring costs for the company's electric cargo bikes, but adjusted operating profit of about 1 billion euros ($1.09 billion) was 200 million euros ($218 million) above that in the same 2019 period. DP DHL said this week it is pulling its full-year guidance because of the economic uncertainty caused by the global pandemic. Business is recovering in China after the lifting of mass quarantines there, but is now slowing considerably in Europe and North America. "While the development of the business situation in China has been quite promising in the last weeks, Europe and North America are still in an earlier stage of the pandemic," DHL said. "It is likely that these regions are going to see a comparable downturn and subsequent upswing like in China, while the peak of the pandemic and therefore the turnaround of the curve are not yet reached."The company has an estimated 550,000 employees located around the world. Most of its global operation is currently participating in the international relief effort to deliver healthcare products to medical facilities. Having an in-house airline that can make urgent deliveries for customers, especially in the healthcare and humanitarian fields, is another advantage for the company, it said.At the unit level, DHL Express lost 90 million euros ($98.5 millon), but without deducting interest payments and taxes it posted a 390 million euro gain ($426 million). The Global Forwarding and Freight business experienced a "strong decline" in air and ocean freight volumes, resulting in 30 million euro loss ($32.8 million), but achieved operating income of 70 million euros ($76.5 million).DHL's supply chain business also lost 30 million euros ($32.8 million), but before taxes and interest payments was 100 million euros ($109 million) in the black. DHL said it will publish more detailed results of its first quarter financial performance on May 12.See more from Benzinga * Freight Futures Daily Curve: 4/10 * Echo, Saia Trim Their Staffs In Wake Of COVID-19 * Few Markets Show Resilience This Week – FreightWaves NOW(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    • Thomson Reuters StreetEvents

      Edited Transcript of DPW.DE earnings conference call or presentation 10-Mar-20 7:30am GMT

      Q4 2019 Deutsche Post AG Earnings Call

    • What Is Deutsche Post's (ETR:DPW) P/E Ratio After Its Share Price Tanked?
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      What Is Deutsche Post's (ETR:DPW) P/E Ratio After Its Share Price Tanked?

      Unfortunately for some shareholders, the Deutsche Post (ETR:DPW) share price has dived 37% in the last thirty days...

    • Today's Pickup: DHL Ditches Last-Mile Electric Van Project

      Today's Pickup: DHL Ditches Last-Mile Electric Van Project

      Good day,Deutsche Post DHL Group said it will no longer be seeking a buyer for its StreetScooter business and will instead wind down production of the vehicles.StreetScooter, acquired by DHL in 2014, makes electric delivery vehicles. DHL was initially attracted to the startup because it couldn't find an electric vehicle it felt met its delivery requirements. In May 2019, DHL announced it would seek a buyer for the unit, but in its earnings release on Feb. 28, the company said it would no longer pursue that path."Thanks to our StreetScooter we have one of the biggest electric delivery fleets in the world and have made a significant contribution to the development of e-mobility," said Frank Appel, CEO of Deutshe Post DHL. "We have always said that we do not want to be a car manufacturer. A further scaling of the business without the right partner does not fit our long-term strategic goals. Independent from the decision today, we will further foster the transition of our fleet towards e-mobility. We are committed to our Mission 2050, which means zero-emission logistics by 2050."The release said that StreetScooter would "concentrate on the operation of the current fleet of e-vehicles."In November 2019, it was announced that StreetScooter vehicles would travel U.S. roadways in 2020. The company also struck a deal with Amazon to deploy electric vehicles in Germany.Rueben Scriven, lead analyst for electric trucks at market research firm Interact Analysis, said DHL found it difficult to grow share in a crowded space."A number of factors have contributed to the demise of StreetScooter," he said. "Firstly, there was a significant decline in the growth of the European light-duty electric truck market which only grew by just over 15% in 2019 compared to more than 40% in 2018. Secondly, StreetScooter was looking to tap into the Chinese market; however, the Chinese light-duty electric truck market has contracted significantly due to fears that the Chinese government will phase out subsidies after 2020."Competition from ARRIVAL and Rivian also impacted sales of StreetScooter vehicles in Europe."While StreetScooter was the European market leader for electric light-duty trucks in 2018 with a market share of more than 30%, ARRIVAL and Rivian, two of StreetScooter's major competitors, have disrupted the market using innovative manufacturing processes and heavy investment in modular skateboard architectures. This has led to the two companies winning recent large orders of more than 110,000 units in total," Scriven said.There are reportedly more than 10,000 StreetScooters on roadways today with the company producing three models: the WORK, the WORK L and the WORK XL. The XL is based on a Ford Transit chassis and has been built by Ford Motor Company (NYSE: F) in Cologne, Germany, since October 2018.Did you know? The Dow Jones Transportation Average fell 13.94% last week, just slightly worse than the overall Dow Jones Industrial Average, which fell 12.36%.Quotable: "If the virus spreads into U.S. communities, consumers are likely to limit their exposure to stores, theaters, restaurants, sporting events, air travel, and the like. There is no reason to anticipate that consumers will engage in such extreme measures at this time."– Richard Curtin, University of Michigan researcher, on the potential impact of coronavirus on retail salesIn other news: Household income rises in JanuaryHousehold income rose 0.6% in January, the largest gain in 11 months, according to a survey by the University of Michigan. (Wall Street Journal)Missouri aluminum plant faces closureAn aluminum smelter in Missouri that reopened in 2018 following the introduction of aluminum tariffs, is losing money so fast it will likely close within 60 days, executives said. (Reuters)Kodiak Robotics founders: The world will love self-driving trucksThe founders of Kodiak Robotics wrote that people have not fallen in love with self-driving trucks yet, but they soon will. (World Economic Forum)Air Cargo Global denies closureAir Cargo Global said it is not closing, despite reports, but it is restricting its business, as it seeks profitability. (STAT Trade Times)Etihad Cargo hopes to expand service in U.S.Etihad Cargo is expanding its sales teams, including in the U.S., as it looks to grab a larger share of the global air cargo business.(Arabian Industry)Final thoughts The coronavirus continues to have widespread impact on global markets. Last week's selloff in stocks is sure to have an impact on decisions companies make in the near-term, and that could mean cutting costs. Transportation is one of the largest costs, and with supply chains being impacted, it might be very tempting for companies to reach into the bucket of tricks and slice their transportation budgets in an effort to push down rates, if even just a little bit.Hammer down, everyone!Image Sourced from PixabaySee more from Benzinga * Coronavirus Hits Come Fast For Aviation Sector * First Nations Group, Canadian Officials Reach Unspecified Deal On Pipeline * Fetch Robotics Democratizes Warehouse Automation(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    • Benzinga

      DHL Express Upgrades Fleet With More 777 Freighters

      International courier company DHL Express has received the first of six new Boeing 777-200 freighters scheduled for delivery this year as it ramps up capabilities to serve the rapidly growing e-commerce market. The new aircraft arrived last week at Cincinnati/Northern Kentucky International Airport (CVG), home to DHL's U.S. operations, the company said Monday in a press release. The new freighter will be operated by partner airline Kalitta Air on behalf of DHL Aviation.

    • What Is Deutsche Post AG's (ETR:DPW) Share Price Doing?
      Simply Wall St.

      What Is Deutsche Post AG's (ETR:DPW) Share Price Doing?

      Let's talk about the popular Deutsche Post AG (ETR:DPW). The company's shares received a lot of attention from a...

    • Reuters

      UPS teams with Arrival and Waymo in electric, self-driving push

      United Parcel Service Inc on Wednesday said it is ordering 10,000 electric delivery trucks from the UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tail pipe pollution. The UPS/Arrival partnership includes a minority investment from the world's biggest package delivery firm and lands four months after customer-turned-rival Amazon.com Inc ordered 100,000 electric vans from Rivian, a Michigan startup partially funded by the world's largest online retailer. Its six-month test with Waymo, the self-driving unit of Google parent Alphabet Inc, starts next month.

    • Despite Its High P/E Ratio, Is Deutsche Post AG (ETR:DPW) Still Undervalued?
      Simply Wall St.

      Despite Its High P/E Ratio, Is Deutsche Post AG (ETR:DPW) Still Undervalued?

      The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

    • Amazon orders electric vans from Deutsche Post's StreetScooter

      Amazon orders electric vans from Deutsche Post's StreetScooter

      Amazon.com <AMZN.O> has ordered 40 electric vans from Deutsche Post's <DPWGn.DE> StreetScooter unit for deliveries in the German city of Munich as part of the plan to be carbon neutral by 2040, the online retailer said on Wednesday. StreetScooter has also installed 60 charging stations at Amazon's distribution centre outside Munich, Deutsche Post said in a statement. In recent years, Amazon has been building up its own delivery business in Germany, its second biggest market, in a challenge to major logistics firms like Deutsche Post DHL.

    • Did You Miss Deutsche Post's (ETR:DPW) 42% Share Price Gain?
      Simply Wall St.

      Did You Miss Deutsche Post's (ETR:DPW) 42% Share Price Gain?

      These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But if you pick...

    • Benzinga

      Commentary: Foreign Trade Zones Are Not "Free Trade Zones"

      DHL was founded in the United States in 1969. Germany's Deutsche Post began acquiring stock in DHL in 1998 and by 2003 absorbed it into its global organization. Today, Deutsche Post DHL Group is a global air cargo integrator sharing the stage with FedEx Corporation (NYSE: FDX) and UPS Inc (NYSE: UPS).

    • Benzinga

      Today's Pickup: Isuzu Motors To Acquire Volvo's UD Trucks For $2.3 Billion

      Japanese truck manufacturer Isuzu Motors has reportedly bought UD Trucks, the truck manufacturing unit of Swedish automaker Volvo AB, to develop next-generation technologies like electric and self-driving trucks. Isuzu, which sold over 500,000 vehicles last year, has recently vowed to develop electric vehicles to keep up with consumer demand. Meanwhile, selling off UD Trucks will provide Volvo an added operating income of roughly 2 billion kronor ($212 million) while increasing its cash reserves by 22 billion kronor ($2.3 billion).

    • Does Deutsche Post AG's (ETR:DPW) Recent Track Record Look Strong?
      Simply Wall St.

      Does Deutsche Post AG's (ETR:DPW) Recent Track Record Look Strong?

      When Deutsche Post AG (XTRA:DPW) announced its most recent earnings (30 September 2019), I did two things: looked at...

    • Thomson Reuters StreetEvents

      Edited Transcript of DPW.DE earnings conference call or presentation 12-Nov-19 9:00am GMT

      Q3 2019 Deutsche Post AG Earnings Call

    • DHL to debut zero-emission electric delivery vans in U.S. cities

      DHL to debut zero-emission electric delivery vans in U.S. cities

      Deutsche Post DHL Group's StreetScooter electric vehicle unit will enter the U.S. market next year as delivery firms and municipalities work to cut greenhouse gas emissions. DHL will debut StreetScooter's zero-emission Work L delivery van in two urban U.S. markets, one on each coast, starting in Spring 2020, the companies said. Full deployment could come in 2022 and 2023, said Ulrich Stuhec, StreetScooter's chief technology officer, who joined the company from Ford Motor Co in October.

    • The Best Way to Play Plug Power Stock Into 2020

      The Best Way to Play Plug Power Stock Into 2020

      Low-priced stocks are typically cheap for a reason. But Wall Street has been known to be wrong on occasion. And if 2020 plays out anything like 2019 has for Plug Power (NASDAQ:PLUG), there's plenty of fuel in the tank for PLUG stock investors to enjoy a profitable ride. Let me explain.Source: Shutterstock Stocks priced below $3 a share generally have some kind of observable and undesirable issues weighing on them. And stocks trading under $1? There's obviously even more determined fear on the part of investors regarding a company's ability to survive, let alone thrive. But PLUG stock may be one alternative energy company Wall Street is wrong about.At the height of 2018's broad-based, risk-off trade, which coincidentally finished as a gift for bulls on Dec. 24, PLUG stock traded as low as 99 cents. Nearly a year later and with investors feeling their collective oats, shares of Plug Power are up nearly 240% at $3.39 in front of the abbreviated Thanksgiving-driven work week.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe better news is Plug Power's rally doesn't entirely rest on 2019's less-challenged investing climate floating shares to less speculative levels above $3. The fact is the hydrogen fueling specialist has plans of reaching $1 billion in sales within four years. More importantly, Plug Power is executing on these plans. * 7 Earnings Reports to Watch Next Week Customers ranging from Amazon (NASDAQ:AMZN) to Walmart (NYSE:WMT) are already using Plug Power's hydrogen fuel cell (HFC) technology with forklifts to support their commercial operations. It's big business with more than 23,000 fuel cell-powered forklift operations currently in the United States. The buck doesn't stop there either.PLUG's positioning within this market is impressive and growing overseas as well. The company is partnering with Deutsche Post's (OTCMKTS:DPSGY) DHL delivery service to power its StreetScooter vans with HFCs. More recently, Plug Power stock announced an expanded relationship with Europe's FM Logistic to supply its hydrogen capacity for the next five years.Needless to say, the agreement with FM Logistic is a strong sign of the company's continued commitment to lessening its carbon footprint, increasing productivity and efficiency and achieving those goals with Plug Power. What's more, sporting a market cap of just under $900 million, I'm okay with Tesla's (NASDAQ:TSLA) Elon Musk taking a swipe at fuel cell electric vehicles. The observation from this strategist is investors in PLUG stock need only focus on the price chart and riding a position to profitability. PLUG Stock Weekly ChartSource: Chart Courtesy of Tradingview.comTo be clear and today's share price aside, Plug stock is still a speculative investment. As InvestorPlace's Thomas Niel recently warned, if Plug's bold revenue goals aren't met shareholder dilution is a real and highly undesirable possibility. Still, PLUG stock's rally does look very promising. * 7 Tech Industry Dividend Stocks for Growth and Income The monthly view of Plug shares shows this year's rally challenged prior key support dating back to 2014's failed spike in the stock. This line in the sand remains resistance. But after three years of lateral consolidation work and with PLUG stock's Bollinger Band just beginning to open up, I'm positive on shares entering 2020.PLUG Stock Strategy: I'd recommend buying PLUG on a second attempt breakout above resistance if shares clear $3.77. It's a momentum-based strategy and given the circumstances, it makes more sense than trying to purchase still-elusive value. To contain long stock exposure, taking initial profits around $5.00 - $5.25 in PLUG looks good. This area is near the 38% retracement level and reduces position risk without fear of bulls getting ahead of themselves and left holding the bag. Similarly, pulling "the plug" on Plug Power stock on a failure of $3 looks like equally smart business off and on the price chart.Disclosure: Investment accounts under Christopher Tyler's management own positions in Plug Power (PLUG) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post The Best Way to Play Plug Power Stock Into 2020 appeared first on InvestorPlace.

    • Benzinga

      DHL Invests $136 Million In New Logistics Hub

      DHL Express has opened a new logistics center in western Germany that will help meet the rising demand across Europe for express e-commerce shipments. Located at Cologne-Bonn Airport, the 15,000-square meter (m²) hub features cutting edge sorting technology and entailed an investment by DHL of 123 million euros ($136 million). "We expect continued growth in the coming years, especially in cross-border e-commerce trade," explained Travis Cobb, DHL Express' Executive Vice President of Global Network Operations.

    • Benzinga

      DHL Opens Mega Parcel Center

      Deutsche Post DHL Group (STOCK.DPSGY) has opened a new mega parcel center in Germany as it continues to strengthen its parcel network in Europe. In 2016, Deutsche Post DHL Group acquired approximately 140,000 square meters of space at the former Opel site in Bochum-Laer. Construction of the parcel center began in fall 2017 and was completed on schedule within two years.