|Bid||27.74 x 400000|
|Ask||27.83 x 400000|
|Day's Range||27.74 - 28.00|
|52 Week Range||23.43 - 34.24|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||15.55|
|Forward Dividend & Yield||1.15 (3.72%)|
|1y Target Est||40.25|
Change of tone from the ECB will be helpful for the market, says Bill Dinning, head of investment strategy at Waverton Investment Management.
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.
The world’s largest logistics provider is steering clear of the sector’s increasingly active mergers-and-acquisitions market. Frank Appel, chief executive of DHL parent company Deutsche Post AG, said in an interview that the scale of the DHL’s forwarding, express and supply-chain business means there are few opportunities for significant combinations that would also pass muster with antitrust regulators. “In global forwarding…there is a lot of M&A activity going on, but we are still the largest,” Mr. Appel said.
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 reported a 3% drop in fourth-quarter profit but said it expects earnings to grow significantly in the year ahead.
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.
Germany's Deutsche Post (XTER:DPWA) has been the market share leader of couriers and local delivery service providers globally. The company's exposure to Europe made its stock price susceptible to market whims, especially with the already recorded slowdown in major economies outside the U.S. Warning! GuruFocus has detected 2 Warning Signs with RCG.
Deutsche Post (DPWGn.DE) on Tuesday said Germany's federal network agency BNetzA had sent it a draft decision on planned postage regulations which could result in lower than expected price increases. According to the draft decision, the company would be allowed a pricing headroom of 4.8 percent from April this year until 2021 on products subject to a price-cap regime, Deutsche Post said in a statement. Deutsche Post's share price was down 2.7 percent at 1257 GMT.
Faced with a chronic shortage of truck drivers, logistics firm Deutsche Post DHL Group is trialling a new scheme to get more people behind the wheel so it can keep goods flowing across Europe, especially at peak times like Christmas. A lack of drivers is already causing delays and rising costs for businesses in North America and Europe, with consumer goods firm Henkel and retailers like Walmart, Kohl's Corp and TJX all reporting problems. DHL Freight is trying to make the job more attractive by offering drivers well-paid contracts, long-term career prospects, more varied work and schedules that allow them to get home to their families in the evening.
The Causeway International Value (Trades, Portfolio) Fund disclosed this week it established five new positions during the third quarter. Warning! GuruFocus has detected 3 Warning Signs with FII. Managed by Sarah Ketterer (Trades, Portfolio)'s Los Angeles-based firm, the fund invests in foreign companies with market caps that exceed $1 billion in order to achieve long-term capital growth.
Large-scale production of a small electric minivan by a subsidiary of Germany's Deutsche Post moved a step closer on Friday after the vehicle won clearance from regulators. The group's Street Scooter unit, which is already making small numbers of the WORK electric minivan, won approval to start full production to enable it to meet growing demand for the emissions-free vehicle. The production ramp-up comes as German cities struggle to meet strict European Union pollution norms, with diesel-powered commercial vehicles a key culprit.
Like its U.S. rivals, DHL Express is entering its busiest time of year, delivering Christmas parcels to consumers in dozens of countries around the world.
The Manhattan multi-level facility of DHL Express would probably look busy any day, particularly in the morning. The hard data underneath all that activity, according to Greg Hewitt, the president of DHL Express U.S., a subsidiary of Deutsche Post is that parcel deliveries through the site were up 15 percent between Black Friday and Cyber Monday compared to the year before. Fifteen percent, Hewitt said in a one-on-one interview with FreightWaves at the media event, "is not out of line with the 17 percent estimate." He also said DHL Express just recorded the biggest day "ever" at its Cincinnati air hub.