DP-DHL

Monday rant: Why DSV & DP DHL, ‘unexpectedly’ and shamelessly, raise the bar high

Picking the right fights is a hard thing to do, but some are so obvious that even my nine-year-old boy, Matteo, would know where to look.
Hence briefly today, let’s touch upon one the most disturbing aspects of logistics wonderland. That is, if you do well, reeeaaally well, mainly thanks to a planet on the brink of a healthcare disaster in so many spots – you must tell everybody everything about …

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On the wires: Ocean & air freight recap – Expeditors out of favour at UBS…

Swiss broker UBS disclosed its findings concerning third-quarter logistics trends on Monday in research headed “Global Freight Forwarder Tracker”. For your perusal, here are some key highlights from the bank’s global team of eight analysts, with the broader theme for the current quarter being a return to volume growth in ocean (and road) as well as rates pointing upwards, implying limited downside risk for most, if you trust the bulls.
In …

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On the wires: Q2 ’20 a stairway to heaven for DHL Global Forwarding

“Especially now, our focus [is] on our profitable core logistics businesses and the digital transformation (…). We have never been in better shape and I am confident that our company will emerge stronger from the crisis.” – Frank Appel, CEO of Deutsche Post DHL (DP-DHL), 5 August 2020, Q2 ’20 results, 
DP-DHL’s Q2 ’20 update? More of the same, if you bumped into the preliminary update released last month (please read: …

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Analysis: DP-DHL cuts staff to finance bonus; two logistics pillars are worth peanuts…

Being creative in corporate finance costs very little but takes lots of effort, so I was grateful when a sell-side note highlighting the paper value value of Deutsche Post DHL’s (DP-DHL) constituent parts landed in my inbox on Monday. That happened just a day before DP-DHL released an unexpected, preliminary trading update for the second quarter.
Background
The German powerhouse has often been talked about as one of those herre T&L beasts …

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On the wires: From heaven to Covid-19 hell with DHL Global Forwarding

“We are making an essential contribution to managing the crisis, with 550,000 employees in every country of the world and our unmatched global logistics network. We are proud of our teams, who make the impossible possible every day. They also form the basis for Deutsche Post DHL Group performing so well in the first quarter, despite the challenges seen across the globe. (…). The crisis once again demonstrates the value of …

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Supply chain radar: DB Schenker – Lather, rinse, repeat

At the end of March, state-owned Deutsche Bahn of Germany released a snapshot of its trailing 2019 financial performance, which hopefully will be fully disclosed later next month.
The headline story for the group was:
“Increase in revenues • decrease in profits • DB CEO Richard Lutz: “Investment in the future of rail will take priority in the coming years, which will be visible in our bottom line” • Impact of the …

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DP-DHL 2019 operating profit up 30%: ‘a remarkable performance’, says Appel

DP-DHL has confirmed its 2019 earnings, which hit €63.6bn ($72.4bn), with operating profit up 30% to €4.1bn.
Global Forwarding, Freight, saw a 1% increase in revenue to €15.1bn, with operating profit up nearly 18% to €521m.
“With an ebit plus of 18%, the division demonstrated a remarkable performance,” said CEO Frank Appel, “despite the fact that the global air freight market actually weakened substantially in the second half of the year due …

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On the wires: DHL Global Forwarding shows all its beauty – yet 2020 is pivotal

“Weakening trade volumes on China in- and out-bound lanes had a negative ebit impact of €60m-€70m, c.16% of ebit in February. Management indicated trade volumes are now slowly recovering, but that the full impact can not yet be quantified. We have lowered FY20e underlying ebit by 4% to €4.7bn, vs. €5.0bn target, assuming slower mid-single digit DHL growth & P&P recovery on track, and cut reported ebit by 11% to …

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Ripples from coronavirus hit DP-DHL profits for €60m this month

The impact of coronavirus has cost Deutsche Post-DHL’s group ebit between €60m-€70m ($66m-$77m) this month, it said this morning.
In a preliminary earnings statement for its 2019 results – which hit target – it said it could not predict 2020 with any accuracy, owing to the potential impact of coronavirus.
The group will publish its 2019 full-year results on 10 March, but said preliminary results showed revenues up 2.9% to €63.3bn, boosted …

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