Deutsche Post

From Wikipedia, the free encyclopedia
This article is about the "Deutsche Post AG". For other agencies called "Deutsche Post", see Deutsche Post (disambiguation).

Coordinates: 50°42′56″N 7°07′48″E / 50.71556°N 7.13000°E / 50.71556; 7.13000

Deutsche Post AG
Deutsche Post DHL Group
TypePublic (Aktiengesellschaft)
FWB: DPW
DAX Component
ISINDE0005552004
IndustryCourier
FoundedJanuary 2, 1995; 26 years ago (1995-01-02)
HeadquartersPost Tower, Bonn, Germany
Area served
Worldwide
Key people
Nikolaus von Bomhard (Chairman of the supervisory board), Frank Appel (CEO), Melanie Kreis (CFO)
ServicesLetter post, parcel service, EMS, delivery, freight forwarding, third-party logistics
Revenue€66.81 billion (2020)[1]
€3.16 billion (2018)[1]
€2.22 billion (2018)[1]
Total assets€50.47 billion (2018)[1]
Total equity€13.87 billion (2018)[1]
OwnersPublic float (79%)
Federal Republic of Germany via KfW bank (21%)
Number of employees
546,924 (2019)[2]
Websitewww.dpdhl.com

The Deutsche Post AG, operating under the trade name Deutsche Post DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is the world's largest courier company.[3] The postal division delivers 61 million letters each day in Germany, making it Europe's largest such company. The Express division (DHL) claims to be present in over 220 countries and territories.[4]

The Deutsche Post is the successor to the German mail authority Deutsche Bundespost, which was privatized in 1995 and became a fully independent company in 2000. DHL Express is a wholly owned subsidiary. Since its privatization, Deutsche Post has significantly expanded its business area through acquisitions. In late 2014, the group acquired StreetScooter GmbH, a small manufacturer of electric vehicles. Two years later, the group acquired UK Mail, a business-focused postal service in the UK for US$315.5 million (£243 million). The former company became a division of the Deutsche Post European parcel network.[5]

The Deutsche Post DHL Group 2016 earnings before interest and taxes (EBIT) was €3.491 billion (up 44.8 percent over 2015), with a net profit of €2.64 billion on revenue of €57.334 billion. Return on equity, before taxes, was 27.7 percent.[6][7][8] The group's long term credit rating, in November 2016, was BBB+ with a Stable outlook per Fitch's.[9]

Deutsche Post AG is listed on the Börse Frankfurt (Frankfurt Stock Exchange) as DPW and is in the Euro Stoxx 50 stock market index. In 2016, 20.5% of the group's shares were held by the state-owned KfW bank; 79.5% were freely floating: 65.6% held by institutional and 10.8% by private investors.

Recent history[]

The Deutsche Post DHL Group has become a large, world-wide company in about two decades. The following are significant dates in the development into its current form.[10]

  • 2 January 1995: Deutsche Bundespost Postdienst becomes Deutsche Post AG; this is the company's privatization. The government of Germany still owns a large share of the company; the state development bank KfW owns 50 percent.
  • 1998: Deutsche Post begins acquiring shares in DHL International.
  • 1999: Deutsche Post World Net acquires the Dutch distribution company Van Gend & Loos from Nedlloyd and in 2000 the Swiss distribution company Danzas.
  • 20 November 2000: Deutsche Post AG becomes a fully private company, with a new Board of Directors, in an IPO listed on the Frankfurt Stock Exchange. The government of Germany sells one third of its shares and KfW bank sells some of its shares.[11]
  • December 2002: Deutsche Post AG acquires the remaining shares in DHL International.
  • August 2003: The company acquires the Seattle-based Airborne Express (est. 1946). The company integrates Van Gend & Loos, Danzas, Airborne Express, and its own EuroExpress into DHL to form DHL Express.
  • December 2005: The group acquires the logistics company Exel in the UK, a £3.7 billion (€5.5 billion) takeover; Exel provided transport for corporate customers.
  • 2006: DHL GlobalMail UK merges with Mercury International.
  • December 2014: The group acquires StreetScooter GmbH, a small manufacturer of electric vehicles in Aachen, Germany.
  • December 2016: The group completes the purchase of UK Mail, a business-focused postal service - "one of the largest integrated parcels and mail operations in the U.K." - for US$315.5 (£243) million. The former company becomes a division of the Deutsche Post European parcel network, although its web site reveals only a relationship with DHL Express.[5][12]
  • February 2019: Through the instrumental moves of Frank Appel and , The group reaches an agreement with SF Express (SF Holding) for its supply chain operations in China.[13]

Financial data[]

Financial data in € billions[14][15]
Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Revenue 52.829 55.512 55.085 56.630 59.230 57.334 60.444 61.550 63.341
Net Income 1.163 1.658 2.091 2.071 1.540 2.639 2.713 2.075 2.623
Assets 38.408 34.121 35.478 36.979 37.870 38.295 38.672 50.470 52.169
Employees 423,348 428,287 435,520 443,784 450,508 459,262 472,208 499,018 499,250

Corporate divisions[]

Post – eCommerce – Parcel division[]

Deutsche Post logo

The postal division delivers approximately 61 million letters every working day in Germany,[7] and provides services across the entire mail value chain, including production facilities at central hubs, sales offices and production centers on four continents.

This division inherited most of the traditional mail services formerly offered by the state-owned monopoly, for which it uses the Deutsche Post brand. Its exclusive right to deliver letters under 50 grams in Germany expired on 1 January 2008, following the implementation of European legislation. A number of companies are vying to challenge Deutsche Post's near monopolistic hold on letter deliveries, including Luxembourg-based PIN Group and Dutch-owned TNT Post.[16] In 2002, Deutsche Post was granted a license to deliver mail in the United Kingdom, breaking Royal Mail's long-standing monopoly.

Deutsche Post Group Board members: Jürgen Gerdes, Ken Allen, Melanie Kreis, Frank Appel, John Gilbert (March 2017)

In 2016, in Germany alone, the Post – eCommerce – Parcel (PeP) division delivered over 1.2 billion parcels, an increase of 9.3% over 2015, much of it as result of shipping products purchased by customers on-line. The e-commerce aspect helped to generate a great deal of revenue. This division's revenue increased by 4.1 percent to €16.8 billion while earnings before interest and taxes (EBIT) increased by 30.8 percent to over €1.4 billion.[17][18]

Delivery bike, Cologne

Express division[]

DHL Aero Expreso Boeing 757-200F

The DHL Express division offers worldwide courier, express and parcel shipment service, combining air and ground transport, under the DHL brand. It owns five airlines: European Air Transport Leipzig, DHL Air UK, DHL Aero Expreso, SNAS/DHL and Blue Dart Aviation.[19]

In 2016, this division's revenue increased by 2.7 per cent to €14 billion.[20] The operating profit before interest and taxes (EBIT) increased by 11.3% over 2015 to €1.5 billion.[21]

Express is divided into business units along regions:

Global Forwarding – Freight division[]

DHL semitrailer truck

The DHL Global Forwarding division carries goods by rail, road, air and sea under the DHL brand and includes the DHL Freight operation which runs a ground-based freight network covering Europe, Russia and traffic into the Middle East. In 2016, this division's revenue declined by 7.7 percent to €13.7 billion but operating profit before interest and taxes (EBIT) improved from -€181 million in 2015 to +€287 million.[20]

Supply Chain division[]

The DHL Supply Chain division provides contract logistics and corporate information. In 2016, this division's revenue decreased by 11.6% to €14.0 billion versus 2015, but operating profit improved by 27.4% to €572 million.[22]

The division consists of two main business units:

  • DHL Supply Chain provides warehousing and warehouse transport for customers from a wide variety of sectors.
  • Corporate Information Solutions handles documents (collection, digitalisation, printing, storage, archival) of all types.

In July, 2020, Deutsche Post DHL Group significantly increased earnings in Q2 2020 despite COVID-19. Operating profit (EBIT) improved by around 16% to around EUR 890 million.[23]

Electric van manufacturing[]

Electric StreetScooter Work as DHL Express van (2016)
The VW Caddy diesel-powered vans will be replaced by StreetScooter Work models, initially in Germany

In December 2014 Deutsche Post DHL Group purchased StreetScooter GmbH, a small manufacturer of electric vehicles in Aachen, Germany.[24] By April 2016, the company announced that it would produce 2,000[25] of the StreetScooter Work model in Aachen by year end.

The Work vehicle is equipped with lithium-ion battery packs and is powered by 30 kW asynchronous electric motors. The peak/continuous output is stated as 48 kW/38 kW. The range (before the need to recharge) is said to be 50 to 80 km, depending on the weight of the load and traffic conditions. The load capacity is 710 kg.[26]

Deutsche Post's 2016 annual report indicates that it plans to replace its fleet of delivery vehicles in Germany with the electric StreetScooter products "in the medium term".[7] Electric vans and trucks with a much greater range will be required to achieve the very long-term goal of replacing the group's entire fleet of approximately 70,000 vehicles with electric StreetScooter vehicles.[27]

A mass production plan was announced in April 2016. StreetScooter GmbH would be scaling up to manufacture approximately 10,000 vehicles annually, starting in 2017.[28] If that goal is achieved, it would become the largest electric light utility vehicle manufacturer in Europe, surpassing Renault which makes vans such as the Kangoo Z.E.[29]

In addition to producing vehicles for Deutsche Post and DHL Express, StreetScooter has made marketing contacts with "numerous industries". A management board member told the media in March 2017 that one potential customer is considering a "very, very large number" of StreetScooters. More specifics would be announced in the next few months. The long-term business plan will require other types of models, some much larger, with entirely different equipment. StreetScooter showed a larger prototype, the Work L, in September 2016 that will provide double the capacity in cargo size; its load capacity will be 1,000 kg. The range (before recharging is necessary) is estimated at "up to 100 km".[30] The company also announced that it was developing a Work Orange model with an "electro-hydraulic three-way dumper" for use by businesses that deal in trash or construction material handling. [31]

Emission reduction targets[]

The Deutsche Post DHL Group's GoGreen program is intended to reduce emissions of greenhouse gases and local air pollutants. The company has four interim goals for doing so, to be achieved by the year 2025. The long-term target, summarized by Frank Appel, Chief Executive Officer, is more aggressive. "From now until 2050, our mission will be to drive our business toward zero [logistics related] emissions. We are setting the standard for the future of the transport sector and doing our part to help the world community reach its goal of limiting global warming to less than two degrees Celsius."[32]

Brands[]

  • Deutsche Post – offers domestic mail services under its traditional name; the division is called Post - eCommerce - Parcel (PeP).
  • DHL – brand used as an umbrella brand for worldwide logistics services.
  • Power Packaging – supplier of food and beverage contract manufacturing and packaging services to North American companies.
  • StreetScooter – electric vehicle manufacturer owned by the group since December 2014.

References[]

  1. ^ Jump up to: a b c d e "Annual Report 2019" (PDF). Deutsche Post. Retrieved 13 June 2020.
  2. ^ "2019 Financial Year" (PDF). Retrieved 13 June 2020.
  3. ^ "Employees and workplace". Deutsche Post DHL Group.
  4. ^ "Company Portrait". DHL Company Portrait. Retrieved 16 May 2018.
  5. ^ Jump up to: a b "Deutsche Post DHL Group completes UK Mail acquisition". UK Mail. 22 December 2016.
  6. ^ Ben Meyer (8 March 2017). "Deutsche Post delivers record earnings in 2016 despite lower revenues". American Shipper. Howard Publications, Inc. Retrieved 27 March 2017.
  7. ^ Jump up to: a b c "2016 Report" (PDF). DPHL. Deutsche Post AG. 8 March 2017. Retrieved 27 March 2017.
  8. ^ "Investor Relations". Deutsche Post DHL Group.
  9. ^ "Creditor Relations". Deutsche Post DHL Group.
  10. ^ "The history of Deutsche Post DHL Group". Deutsche Post DHL Group.
  11. ^ "Germany to sell one-third of post office in IPO". CNN Money. 24 October 2000.
  12. ^ "Deutsche Post DHL Group completes UK Mail acquisition". 3 January 2017. Retrieved 27 March 2017.
  13. ^ https://finance.yahoo.com/news/dhl-group-seals-deal-sale-170529614.html
  14. ^ "Deutsche Post Bilanz, Gewinn und Umsatz | Deutsche Post Geschäftsbericht | 555200". wallstreet-online.de. Retrieved 2018-11-05.
  15. ^ "Deutsche Post Dividende | KGV | Bilanz | Umsatz | Gewinn". boerse.de (in German). Retrieved 2020-12-28.
  16. ^ Businessweek.com 2 Aug 2007 Archived 2009-02-08 at the Wayback Machine
  17. ^ "45pc profit boost for Deutsche Post DHL". Logistics Manager. Akabo Media Ltd. 8 March 2017. Retrieved 27 March 2017.
  18. ^ "Deutsche Post DHL Group ends financial year 2016 with record earnings". Deutsche Post DHL Group. 8 March 2017.
  19. ^ "EXPRESS". Deutsche Post DHL Group.
  20. ^ Jump up to: a b Burns, Justin (8 March 2017). "Revenue falls, but earnings and operating profit up at DHL". Air Cargo Week. Azura International. Retrieved 27 March 2017.
  21. ^ "Deutsche Post DHL reports "record earnings" for 2016". Post and Parcen. 8 March 2017. Retrieved 27 March 2017.
  22. ^ Will Waters (8 March 2017). "DHL forwarding profits continue improving". Lloyd's Loading List.
  23. ^ "DP DHL Group posts strong earnings in Q2 2020". Global Cargo News. 9 July 2020. Retrieved 9 July 2020.
  24. ^ "Deutsche Post DHL übernimmt StreetScooter GmbH". Deutsche Post DHL. Deutsche Post AG. 9 December 2014. Retrieved 26 March 2017. Deutsche Post DHL hat den Kaufvertrag für die StreetScooter GmbH unterzeichnet - ein ehemaliges Start-up aus dem Umfeld der RWTH Aachen mit dem Ziel, wirtschaftliche Elektroautos zu entwickeln. Mit der Übernahme der StreetScooter GmbH, die noch unter dem Vorbehalt der fusionskontrollrechtlichen Freigabe steht, übernimmt Deutsche Post DHL auch die Entwicklungs- und Produktionsrechte an den Fahrzeugen sowie die Mitarbeiter. Die StreetScooter GmbH ist ein Spin-Off der RWTH Aachen und als Konsortium aus rund 80 Industrieunternehmen der Automobilindustrie und verwandter Branchen gestartet. Es wurde 2010 gegründet und beschäftigt 70 Mitarbeiter. Seit 2013 sind in Aachen im ehemaligen Talbot-/Bombardierwerk rund 200 StreetScooter Fahrzeuge produziert worden.
  25. ^ "Deutsche Post will 2016 noch 2000 Elektro-Transporter bauen - manager magazin". manager magazin. Retrieved 2017-08-03.
  26. ^ "Technical Information StreetScooter Work (Kofferaufbau)". StreetScooter. StreetScooter GmbH. 2017. Retrieved 26 March 2017.
  27. ^ "Deutsche Post DHL makes its own electric delivery vans". DW. Deutsche Welle. 15 June 2016. Retrieved 26 March 2017. Provided its StreetScooters can be produced cheaply enough compared to the alternative of buying e-vans from established auto makers, the bottom line of the world's biggest delivery services company stands to benefit from producing its own delivery vehicles - whether or not it eventually adds profits from sales of e-vans to third parties.
  28. ^ "Streetscooter - Der tausendste Elektro-Transporter der Post". Frankfurter Allgemeine Zeitung. Frankfurter Allgemeine Zeitung GmbH. 23 August 2016. Retrieved 26 March 2017. Die Post will ihren gesamten Fuhrpark auf Elektro-Autos umstellen. Bis dahin dauert es noch. Einen wichtigen Schritt hat das Unternehmen nun aber gemacht.
  29. ^ Weiss, Richard (24 March 2017). "Even Germany's post office is building an electric car". Waterloo Region Record. Kitchener, Ontario. Retrieved 26 March 2017.
  30. ^ "StreetScooter presents new "Work L" model". DPDHL. Deutsche Post DHL. 20 September 2016. Retrieved 26 March 2017.
  31. ^ Weiss, Richard (24 March 2017). "Even Germany's Post Office Is Building an Electric Car". Bloomberg. Bloomberg. Retrieved 26 March 2017. When Deutsche Post AG couldn’t find a zero-emission delivery van that met its needs, it bought a startup and developed one. Now Europe’s largest postal service may start selling those vehicles — dubbed StreetScooters — to others, showing the potential for disruption in the rapidly changing auto market.
  32. ^ "2017 Deutsche Post AG Our GoGreen environmental protection program". DP DHL. Deutsche Post. 8 March 2017. Retrieved 26 March 2017. By the year 2050 we want to reduce all logistics-related emissions to zero – a highly ambitious goal. To ensure progress towards the 2050 zero-emissions target, we have set four interim goals to be achieved by the year 2025.

External links[]

Retrieved from ""