Deutsche Post DHL has set out aggressive growth targets in a new five year plan which follows on from its current programme which runs to 2015.
Entitled “Strategy 2020: Focus.Connect.Grow.”, the programme outlines the group’s strategic priorities including further expansion of logistics services in the world’s emerging markets and the international expansion of the company’s parcel business to take advantage of the e-commerce boom. The emphasis will remain on organic growth.
For the period 2013 to 2020, the Group expects earnings growth of more than eight per cent per year on average based on the 2013 EBIT of €2.86 billion.
The 2015 EBIT target of between €3.35 billion and €3.55 billion remains unchanged. Despite the general slowdown of growth momentum in the forwarding market, the Group expects its DHL divisions to continue to be the main contributor to the group’s revenue and profitability growth, with an annual average EBIT growth of approximately 10 per cent per year over the period.
CEO Frank Appel said: “Our new ‘Strategy 2020: Focus.Connect.Grow.’ builds on what we have achieved so far. It will power the group’s next big growth stage and open up new opportunities for sustainable profitable growth in today’s ever-changing environment. Our aspiration is to be the leading force in the logistics industry by 2020 and the company that defines logistics.”