Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on DEUTSCHE POST AG-REG. We currently have 12 research reports from 1 professional analysts.
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DEUTSCHE POST AG-REG
DEUTSCHE POST AG-REG
E-commerce is the main performance driver
09 Nov 16
The company reported strong Q3 16 results, although revenues declined by 3.9% to €13.86bn. EBITDA jumped 30.4% to €1.09bn and the EBITDA margin improved from 5.8% to 7.9%. EBIT increased disproportionately from €196m to €754m and the EBIT margin increased from 1.4% to 5.4%. In Q3 15, the company wrote-off around €311m which was linked to the failed IT-project with SAP and IBM in the Global Forwarding, Freight division. Excluding this impairment, EBIT improved 48.7% from €507m to €754m. In the first nine months, revenues declined 4.5% to €41.9bn. EBITDA increased 23% to €3.37bn and the EBITDA margin increased from 6.2% to 8%. EBIT went up 63.8% to €2.4bn and the EBIT margin increased from 3.3% to 5.7%.
19 Oct 16
Kühne + Nagel has already reported Q3 16 results. According to the management the company suffered from the insolvency of the South Korean shipping company Hanjin at the end of August. This resulted in additional costs of around €7m (estimate) mainly due to higher freight rates which jumped to 50% in Q3 16. Hanjin has only a worldwide market share of around 1.3%. Latest research (19 October) from Alphaliner revealed a market share of 1.2% based on the shipping volume of 245,979 TEU. THe market leader with a market share of 15.3% is APM Maersk. The main reason for the increase is the year-end shopping-holiday season. Companies have shifted their goods (total value of €12.5bn) from Hanjin to other ocean freight operators. This shift has triggered the freight rate increase. Even without Hanjin, the overcapacity in the market will remain. Therefore we expect freight rates to normalise again but on a much lower level.
Excellent strategic move but too expensive!
29 Sep 16
Deutsche Post DHL is to acquire the UK company UK Mail Group for a total of €280m or £242.7m. Deutsche Post is offering a premium of around 43% or 440p (445.5p including the interim dividend – premium 45%) based on the last share price of 307p. In addition, the company will pay an interim dividend of 5.5pe or additional £m.
Solid operating performance
03 Aug 16
The company reported strong Q2`16 results. Revenues declined 3.5% to €14.2bn (estimate: €14.4bn). EBIT however jumped by 40% to €752m (estimate: €757m). The EBIT margin increased from 3.7% to 5.3%. Net income increased by 66% to €561m (estimate: €521m). All business divisions contributed positively to the operating performance. Germany saw the only revenue increase (by 6.3% to €4.31bn, mainly the PeP division) all the other regions posted revenue declines. In Europe -11.4% to €4.34bn, in the Americas -3% to €2.52bn and in the Asia/Pacific region -3.4% to €2.47bn. In other regions revenues dropped by 6.7% to €560m.
A very smart change in management
28 Jun 16
The CFO, Lawrence A Rosen, will leave the company at the end of September for personal reasons. Melanie Kreis, already a member of the management board, will take over the role as new CFO on 1 September 2016. In 2014, Melanie Kreis was appointed a member of the board with responsibility for human resources. She started her career at McKinsey and joined Deutsche Post DHL in 2004. She was responsible for M&A activities, acquired Exel in 2005 (€5.6bn acquisition price) and organised the sale of Deutsche Postbank successfully. In 2009, she headed the group controlling and, since 2013, was appointed CFO of the Express division upto 2014.
Solid start but still room for improvements
11 May 16
In Q1 16, revenues declined 6.1% to €13.87bn. The revenue decline was mainly driven by the revised revenue recognition terms of a contract with the National Health Service in the UK of around €465m. In addition, negative currency effects contributed €402m to lower revenues. Excluding these two effects revenues would have remained flat. EBIT however improved 21.1% to €872m and the EBIT margin increased from 4.9% to 6.3%. Net profit jumped 29.1% to €639m.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.