|Bid||29.09 x 400000|
|Ask||29.09 x 400000|
|Day's Range||28.66 - 29.00|
|52 Week Range||23.43 - 32.20|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||16.71|
|Forward Dividend & Yield||1.15 (3.93%)|
|1y Target Est||40.25|
Deutsche Post DHL will no longer deliver fresh food in Germany for Amazon as the market for food ecommerce has been disappointing, a spokeswoman said on Wednesday. Selling food is a key part of the strategy of the world's top online retailer, especially since it bought the U.S. chain Whole Foods in 2017, but its Fresh service, launched in 2007 in Seattle, has grown much slower than the rest of the business. A spokeswoman confirmed a report in Germany's Lebensmittel Zeitung trade publication that DHL was ending its cooperation with Amazon Fresh, launched in Germany in 2017, adding the rest of its business with Amazon was unaffected.
German postal, transport and logistics giant Deutsche Post DHL Group (DPDHL) posted a 3 percent second-quarter revenue gain to EUR $15.4 billion (US$17.3 billion), with a 2.9 percent rise in operating ...
Deutsche Post DHL said on Tuesday it expects restructuring measures and increases in German postage and parcel prices to lift earnings in the second half of 2019, despite rising global trade tensions. The partly state-owned German post and logistics group said full-year operating profit should rise to between 4.0 billion and 4.3 billion euros, up from a previous estimate of between 3.9 billion and 4.3 billion euros, due to higher expectations for its German Post & Parcel (P&P) division. It also confirmed its guidance for full-year operating profit to reach more than 5 billion euros in 2020, something finance chief Melanie Kreis said the company wants to reach without one-off effects.
Freight forwarder Deutsche Post DHL CEO Frank Appel spoke to a German regional newspaper, mentioning that the company plans to provide its customers near-exact delivery time forecasts by email in advance. Appel stated that DHL has always sought to enhance its quality of delivery, which he said has improved significantly over the years.
German food retail chain Lidl has announced a cooperative agreement with Deutsche Post DHL Group to add 500 DHL Packstations to Lidl stores this year in an attempt to fuse shopping between offline retail purchases and online ecommerce. "The partnership will benefit all sides, and especially our customers, as 500 more DHL Packstations are being built in easy-to-reach, attractive locations, and the new Packstations are an important part of the promise we've made to our customers for further enhanced service quality," said Martin Linde, sales manager of the German Mail and parcel division of the Deutsche Post DHL Group.
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 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.
DHL Supply Chain said today it will spend $100 million to build a 1.7 million square foot warehouse and distribution center complex near Charleston, South Carolina. The Westerville, Ohio-based unit of Deutsche Post DHL group said it will construct three buildings in Dorchester County, South Carolina. DHL Supply Chain purchased 125 acres in the county, and named the parcel "DHL Commerce Park." The unit worked in tandem with DHL Real Estate Solutions, which provides property services for DHL.
LOS ANGELES/DUSSELDORF, April 2 (Reuters) - The volume of U.S. ocean cargo imports arranged by Deutsche Post's DHL Group, United Parcel Service Inc, FedEx Corp and other freight forwarders fell sharply in February, sending a warning on global trade, a key barometer for the world economy. Towards the end of last year their clients binged on imports such as apparel, auto parts, chemicals and furniture to avoid U.S. President Donald Trump's tariffs on Chinese goods. U.S. ocean imports fell 4.5 percent, the first drop in two years, according to S&P Global Market Intelligence's trade data firm Panjiva.
Deutsche Post DHL Group and Austrian Post have agreed a long-term partnership to make parcel deliveries in Austria more efficient, the two companies said on Tuesday. Austrian Post will become a delivery partner for the German group in Austria, taking on Deutsche Post DHL Group employees there and a majority of its Austrian logistics facilities, they said, without giving a value for the deal. Deutsche Post started restructuring its parcel delivery division last year to better cope with rising costs of staff and transport.
German transport and logistics giant Deutsche Post DHL (DP DHL) is on track to hit is 2020 earnings targets after delivering solid results in 2018, according to Frank Appel, the company's CEO. DP DHL expects operating profit of EUR 3.9 to 4.3 billion in 2019, Appel told investors and analysts on March 7. Full-year revenue rose 6 percent in 2018 to EUR 61.6 billion, or slightly under $69.2 billion, DP DHL said.
Deutsche Post DHL Group on Thursday forecast profit growth for this year that lagged analysts' expectations, but played down concerns over global trade, saying more complex supply chains could in the near term benefit its business. In an industry seen as a bellwether for the global economy, U.S. rival FedEx Corp jolted investors in December with a steeper-than-expected cut in its 2019 profit forecast, warning of weakening freight demand as the global economy slows.
Deutsche Post DHL Group said it completed a transaction that will see it transfer its supply chain business in China to one of that country's largest parcel and air freight couriers. After reaching an agreement last year, SF Holding will pay $793 million to DHL for its supply chain operations covering mainland China, Hong Kong and Macau. The transaction also includes a 10-year revenue-sharing arrangement under which DHL will license its name and provide support and customer referrals to the co-branded business SF DHL Supply Chain China.
Deutsche Post DHL has hired hundreds of workers to deal with new customs procedures expected to be imposed after March 29, when Britain is due to leave the European Union, an executive said on Tuesday. Europe is Britain's largest trading partner. New tariffs and goods clearance procedures could be introduced unless Britain secures a deal on future relations with the 28-member bloc before it leaves.
The German government could order a larger increase in the cost of sending a letter than earlier planned, the Frankfurter Allgemeine Zeitung reported, sending shares in Deutsche Post 2.6 percent higher on Monday. Citing sources, the newspaper said that postage on a letter could be increased to 85 or 90 cents from this summer under legislative changes that the Economy Ministry is expected to initiate this week. No comment was immediately available from the Economy Ministry, but the Federal Network Regulator that oversees the postal market confirmed that the government was working on a new postal directive.
European stocks rallied on Monday morning, with market participants looking ahead to a fresh round of U.S.-China trade talks this week.
Following are excerpts from a CNBC interview with Frank Appel, Deutsche Post DHL Group CEO, and CNBC's Steve Sedgwick and Geoff Cutmore.
Aug.06 -- Melanie Kreis, chief financial officer at Deutsche Post, discusses how the trade war is impacting her business, 1H earnings, their guidance on 2019 EBIT target, trends she’s seeing in the industry, the returns process and the express business in Asia. She speaks on “Bloomberg Markets: European Open.”
Change of tone from the ECB will be helpful for the market, says Bill Dinning, head of investment strategy at Waverton Investment Management.