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Deutsche Post DHL plans for accelerating growth

Published: 05 March 2013  12:09 PM
Industry Channel: Transport & Distribution 

Deutsche Post DHL’s operating profit rose nine per cent to €2.76 billion in 2012 on sales up 5.1 per cent to €55.5bn. The group now expects that earnings will rise by an annual average of between 13 per cent and 15 per cent between 2010 and 2015.

Operating profit (EBIT) in the Supply Chain division rose 14.9 per cent to €416m on sales up 8.4 per cent to € 14.3bn. The group said that in addition to positive currency effects, organic growth in the Automotive and Life Sciences & Healthcare sectors acted as the division’s main growth drivers.

The Mail division saw operating profit fall from €1.11bn in 2011 to €1.05bn as a result of a one-off VAT payment. The group is focusing on growing the parcels business to offset the decline in traditional mail in Germany.

The Express division increased operating profit by 21 per cent to € 1.11bn on sales up 9.3 per cent to €12.8bn. double-digit growth in revenues was generated in all regions – with the exception of Europe, where revenues climbed significantly as well. Revenues and volumes rose particularly strongly in Asia and the Americas region, where, in particular, good business performance in the United States was a key reason for this positive development.

Operating profit in the Global Forwarding Freight division rose from €440m to €512m last year. While volume and revenues fell in air freight during 2012, sales in ocean freight and overland transport increased. Thanks to the selective growth strategy and, in part, to improved buying conditions, gross margins were increased once again in all three business segments.

The group’s consolidated net profit climbed by some €500m to €1.66bn in 2012. Deutsche Post DHL is looking for an accelerating rate of growth as the year progresses and is projecting an EBIT of €2.7bn – €2.95bn for 2013. It reckons that earnings will rise by an annual average of between 13 per cent and 15 per cent between 2010 and 2015.

  Frank Appel

“The past three years have demonstrated that our Strategy 2015 is paying off,” chief executive Frank Appel said. “With our unique portfolio of products and services and our excellent position in the world’s growth markets – the emerging markets and online retailing – we have an exceptional base for generating further profitable growth. And we will build on these strengths and lead the group – step by step – to its next milestones.”

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