|Bid||36.79 x 90000|
|Ask||36.80 x 463000|
|Day's Range||36.47 - 36.99|
|52 Week Range||19.10 - 37.03|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||20.34|
|Earnings Date||Nov 10, 2020|
|Forward Dividend & Yield||1.15 (3.15%)|
|Ex-Dividend Date||Aug 28, 2020|
|1y Target Est||35.77|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Deutsche Post AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Deutsche Post DHL Group (Pink: DPSGY) said its diversity of services allowed it to pick up the pieces of a pandemic-shattered international supply chain and generate a healthy second-quarter profit.The company's pretax profit for the quarter increased 18.6% to 912 million euros (US$1.08 billion), compared to 769 million euros ($913 million) for the same period last year and a 2% increase over initial Q2 projected results in early July."We have never been in better shape and I am confident that our company will emerge stronger from the crisis," said DP DHL CEO Frank Appel in a statement on Wednesday.With fewer people transacting business in person due to COVID-19 travel restrictions and retail store closures during the first half of the year, DP DHL saw a significant rise in e-commerce activity, which transited through its global express, air and ocean freight forwarding, warehousing and supply chain, e-commerce, and German postal services.Earlier in the quarter, DP DHL warned that its Q2 profits might suffer due to the ongoing pandemic in North America and Europe. However, the company began realizing increased demand for time-definite international express services since late March, which fueled its bottom line.The company said all five of its divisions generated operating profit during the second quarter.The Express division's profit increased to 565 million euros ($670 million) compared to 521 million euros ($618 million) for the same period last year, while its operating income from post and parcel services in Germany rose 49.2% to 264 million euros ($313 million) compared to 177 million euros ($210 million) last year.DP DHL's global forwarding unit saw Q2 operating income increase more than 50% year-on-year to 190 million euros ($225 million) compared to 124 million euros ($147 million) during the same period last year.Despite the pandemic and restructuring of its electric cargo bikes unit, the company's supply chain division was still able to generate operating income of 35 million euros ($41 million) compared to the 87 million euros ($103 million) the division earned in operating income in the second quarter of last year."Overall, the contract logistics business is more dependent on individual customer activities, as transport and warehousing solutions are often developed and operated specifically for one customer," DP DHL explained."The division saw very different developments depending on the sector," the company said. "While parts of the retail sector and the life science and health care sector developed positively, business in the automotive sector weakened visibly."DP DHL's eCommerce Solutions division generated operating income of 1 million euros ($1.18 million) despite nonrecurring impairments of 30 million euros ($35 million)."In addition to successfully optimizing its portfolio as part of its repositioning the international parcel activities, the division made significant progress in its efforts to manage costs and boost efficiency," the company said. "The key driving forces behind these gains were B2C activities in Europe and America that benefited from rising shipment volumes."DP DHL also continued investing in its operations during the second quarter, spending 482 million euros ($572 million) across all divisions.Related newsDHL injects $1.6M into new Indianapolis life sciences facilityCOVID-19 response boosts Deutsche Post DHL's Q2 profitDHL tests ‘pop-up' store concept in USClick for more FreightWaves/American Shipper articles by Chris Gillis.See more from Benzinga * TravelCenters Of America Closing Restaurants On COVID Uptick; Q2 Misses Expectations * Rail Economist: STB's New Rule Helping 'Captive' Shippers Needs Testing * Role Reversal: Passenger Airlines Make More From Cargo Sales In Q2(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Frank Appel, CEO of Deutsche Post (OTCMKTS: DPSGY) DHL Group, said the German logistics company used its diverse services portfolio to outflank the coronavirus pandemic and significantly increase its second-quarter profit.The company's preliminary pretax profit for the quarter increased 16% to 890 million euros ($1 billion), compared to 769 million euros ($868 million) for the same period last year."Our fundamental strength and resilience as a group has paid off in recent months," Appel said in a statement. "With our broad portfolio of leading logistics services, we have the right business model to form the backbone of global trade."To reward its employees for their work during COVID-19, Appel said the company has set aside about 200 million euros ($225 million) to cover a one-time pay bonus of 300 euros ($340) per employee worldwide.DP DHL had earlier warned that its second-quarter profits were in jeopardy due to the coronavirus disrupting global supply chains. Since late March, however, the company has recorded increasing freight volumes in e-commerce orders.The company said measures such as adjusting its service network and maintaining its own aircraft flight capacity also kept its operations positive.Broken down by service, Express division profits rose to 560 million euros ($632 million) compared to 521 million euros ($588 million) for the previous-year period, while the German Post and parcel segments generated about 260 million euros ($293 million) in operating income, compared to 177 million euros ($200 million) a year ago.DP DHL's global forwarding unit recorded Q2 operating income of 190 million euros ($214 million) compared to 124 million euros ($140 million) during the same period last year.The pandemic and a restructuring of the DP DHL's electric cargo bikes unit, however, cut its supply chain earnings to about 30 million euros ($33 million) during the quarter, compared to 87 million euros ($93 million) in the 2019 period. The company's eCommerce Solutions lost about 30 million euros ($33 million), but it broke even with the 2019 Q2 operating profit of about 18 million euros ($20 million).The company said its 2020-2022 investment plans remain unchanged at between 8.5 billion euros ($9.6 billion) and 9.5 billion euros ($10.7 billion).DP DHL will release more detailed Q2 financial results at its Aug. 5 general meeting.The company said going forward that it will no longer differentiate between adjusted operating results before and after the coronavirus pandemic, saying "this distinction became increasingly artificial and less meaningful during the second quarter."In response to a "V-shaped" economic recovery from COVID-19, DP DHL said it anticipates a pretax profit for 2020 of 5.3 billion euros ($5.9 billion).Related articles:DHL tests ‘pop-up' store concept in USDHL prepares three 767 passenger planes for freight operationsDeutsche Post DHL posts pretax profit despite COVID-19 outbreakClick for more FreightWaves/American Shipper articles by Chris Gillis.Photo: Deutsche Post/DHLSee more from Benzinga * Covenant Sells Its Factoring Arm To Triumph * Intermodal Volumes Prop Up US Rail Traffic * Is It Time To Short Tesla, And Did Uber Overpay For Postmates?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.