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.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
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 - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.
N+1 Singer - Morning Song 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
N+1 Singer - Morning Song 23-02-2017
23 Feb 17
Genus (GNS LN) Interim results: R&D step-up, disappointing ABS performance | Howden Joinery Group (HWDN LN) Prelims and net cash better than expected but conditions weaken | Oxford Pharmascience Group (OXP LN) Encouraging interim OXPzero™ Ibuprofen exploratory PK data | StatPro Group (SOG LN) Increased majority shareholding in Infovest Consulting | Wilmington Group (WIL LN) Interims slightly ahead, move to focus on 3 verticals