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 13 research reports from 1 professional analysts.
Frequency of research reports
Research reports on
DEUTSCHE POST AG-REG
DEUTSCHE POST AG-REG
Operating performance expected to improve further
08 Mar 17
Deutsche Post DHL reported solid results. Revenues declined by 3.2% to €57.3bn but EBIT jumped 44.8% to €3.56bn in 2016. The EBIT margin improved from 4.1% to 6.1%. Net profit after minorities jumped 71.4% from €1.54bn to €2.64bn. Due to the strong operating performance, which was in line with expectations, management increased the dividend by 23.5% from €0.85 to €1.05 per share.
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.
N+1 Singer - Morning Song 21-03-2017
21 Mar 17
accesso Technology (ACSO LN) Full year results in line, but key trading months still ahead | Augean (AUG LN) Double digit growth in ’16, good start to ‘17 | Earthport (EPO LN) Interims show continued top line strength | Goals Soccer Centres (GOAL LN) Good momentum under new team. It’s now all about delivery | IQE (IQE LN) FY’16 results prompt further upgrades | Microsaic Systems (MSYS LN) Challenges in 2016, strategy remains in place | mporium Group (MPM LN) Funds raised to help execute strategy | RhythmOne (RTHM LN) Dawn of the independents | ScS Group (SCS LN) Strong progress on key growth initiatives albeit comps now toughen | Sinclair Pharma (SPH LN) FY results: EBITDA ahead, Instalift™ gaining pace | Vectura Group (VEC LN) FY (9-month) results
N+1 Singer - Augean - Double digit growth in ’16, good start to ‘17
21 Mar 17
Augean reported another year of double digit growth for 2016, with profits in line with our forecasts. Sales grew by 21% excluding landfill tax, while adjusted PBT grew by 18% to £7.1m before amortisation of acquired intangibles. DPS was increased by 54% to 1.0p, 25% ahead of our estimate. The business units made further strategic progress, with revenues from their top 20 customers increasing from 42% to 43% of the total, of which 88% was under contract or a framework agreement, increasing forward visibility. There has been an encouraging start to 2017 and management is confident of delivering another year of profits growth. The shares trade on undemanding single digit multiples, offering good value.