As part of its Capital Markets Day, DPDHL presented its new plan called Strategy 2025 with new 2022 guidance and long-term divisional targets. We consider the 2022 targets are conservative, especially regarding the EBIT guidance based “on a cautious macro scenario”. The market reacted negatively as this clearly reflects slower EBIT growth between 2020 and 2020. The transformation is underway and appears to be on track. Patience is required. Buy rating confirmed.
03 Oct 2019
Still in a transformation phase
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Still in a transformation phase
Deutsche Post AG (DHL:WBO) | 0 0 0.5% | Mkt Cap: 45,425m
- Published:
03 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
As part of its Capital Markets Day, DPDHL presented its new plan called Strategy 2025 with new 2022 guidance and long-term divisional targets. We consider the 2022 targets are conservative, especially regarding the EBIT guidance based “on a cautious macro scenario”. The market reacted negatively as this clearly reflects slower EBIT growth between 2020 and 2020. The transformation is underway and appears to be on track. Patience is required. Buy rating confirmed.