DHL Group explained

Deutsche Post AG
Trade Name:DHL Group
Type:Public
Traded As:
DAX Component
Location:Post Tower, Bonn, Germany
Owners:Federal Republic of Germany via KfW bank (21%)
Brands:
Area Served:Worldwide
Key People:
Industry:Postal services
Services:Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics
Revenue: (2023)
Operating Income: (2022)[1]
Net Income: (2021)
Assets: (2021)
Equity: (2021)
Num Employees:600,278 (2022)

Deutsche Post AG, trading as DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the world's largest courier companies.[2] The postal division, Deutsche Post, delivers 61 million letters each day in Germany, making it Europe's largest such company. The parcel division DHL is a wholly owned subsidiary claimed to be present in over 220 countries and territories.[3] DHL Group was the largest logistics company worldwide in 2022.[4]

DHL Group is the successor to the German mail authority Deutsche Bundespost, the oldest modern postal service in the world,[5] tracing its roots to the middle ages. It was privatized in 1995 and became a fully independent company in 2000. 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.[6]

The 2016 earnings of Deutsche Post DHL Group 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.[7] [8] [9] The group's long term credit rating, in November 2016, was BBB+ with a Stable outlook per Fitch's.[10] DHL Group is listed on the Börse Frankfurt (Frankfurt Stock Exchange) as DHL 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

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.[11]

Financial data

Financial data[15] [16] !Year!Revenue (€ bn)!Net Income (€ bn)!Assets (€ bn)!Employees
201152.81.138.4423,348
201255.51.634.1428,287
201355.02.035.4435,520
201456.62.036.9443,784
201559.21.537.8450,508
201657.32.638.2459,262
201760.42.738.6472,208
201861.52.050.4499,018
201963.32.652.1499,250
202066.82.955.3521,842
202181.75.063.5528,079
202294.45.368.2542,917
202381.83.770.1547,692

Corporate divisions

Post and parcel division

The postal division delivers approximately 61 million letters every working day in Germany,[8] 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.[17] In 2002, Deutsche Post was granted a license to deliver mail in the United Kingdom, breaking Royal Mail's long-standing monopoly.

In 2016, in Germany alone, the Post & Parcel (P&P) 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.[18] [19]

eCommerce division

Since financial year 2019, DHL Group has been pooling its international parcel delivery operations in the eCommerce division.

Express division

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.[20]

In 2016, this division's revenue increased by 2.7 per cent to €14 billion.[21] The operating profit before interest and taxes (EBIT) increased by 11.3% over 2015 to €1.5 billion.[22]

Express is divided into business units along regions:

Global Forwarding – Freight division

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.[21]

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.[23]

The division consists of two main business units:

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.[24]

Electric van manufacturing

In December 2014, Deutsche Post DHL Group purchased StreetScooter GmbH, a small manufacturer of electric vehicles in Aachen, Germany.[25] By April 2016, the company announced that it would produce 2,000 of the StreetScooter Work model in Aachen by year end.[26]

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.[27]

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".[8] 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.[28]

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.[29] If that goal is achieved, it will become Europe's largest electric light utility vehicle manufacturer, surpassing Renault, which makes vans such as the Kangoo Z.E.[30]

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".[31] 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. [32]

In 2021 plans for the sale of Streetscooter to Luxembourg-based Odin Automotive, now B-ON, were reported.[33] [34]

Brands

See also

External links

Notes and References

  1. Web site: key figures. 12 April 2023 . Deutsche Post.
  2. Web site: Employees and workplace . Deutsche Post DHL Group .
  3. Web site: Company Portrait . DHL Company Portrait . 16 May 2018.
  4. Web site: DHL Group – Umsatz bis 2022 .
  5. Web site: The invention of the postal service: about special deliveries, Hereditary First Postmaster Generals and what Thurn und Taxis had to do with it - Deutsche Digitale Bibliothek. www.deutsche-digitale-bibliothek.de.
  6. Web site: Deutsche Post DHL Group completes UK Mail acquisition . 22 December 2016 . UK Mail .
  7. Web site: Deutsche Post delivers record earnings in 2016 despite lower revenues . Ben Meyer . 8 March 2017 . American Shipper . Howard Publications, Inc. . 27 March 2017 . 20 September 2018 . https://web.archive.org/web/20180920164155/https://www.americanshipper.com/main/news/deutsche-post-delivers-record-earnings-in-2016-des-66914.aspx#hide . dead .
  8. Web site: 2016 Report . . 8 March 2017 . DPHL . Deutsche Post AG . 27 March 2017.
  9. Web site: Investor Relations . Deutsche Post DHL Group .
  10. Web site: Creditor Relations . Deutsche Post DHL Group .
  11. Web site: The history of Deutsche Post DHL Group . Deutsche Post DHL Group .
  12. Web site: Germany to sell one-third of post office in IPO . 24 October 2000 . CNN Money .
  13. Web site: Deutsche Post DHL Group completes UK Mail acquisition . 27 March 2017 . 3 January 2017 . 18 May 2017 . https://web.archive.org/web/20170518070547/http://aircargoworld.com/deutsche-post-dhl-group-completes-uk-mail-acquisition/ . dead .
  14. Web site: DHL Group Seals Deal for Sale of China-Based Supply Chain Business to SF Holdings.
  15. Web site: Deutsche Post Bilanz, Gewinn und Umsatz Deutsche Post Geschäftsbericht 555200. wallstreet-online.de. 2018-11-05.
  16. Web site: Deutsche Post Dividende KGV Bilanz Umsatz Gewinn. 2020-12-28. boerse.de. de.
  17. http://www.businessweek.com/globalbiz/content/aug2007/gb2007082_647870.htm?chan=globalbiz_europe+index+page_top+stories Businessweek.com 2 Aug 2007
  18. Web site: 45pc profit boost for Deutsche Post DHL . . 8 March 2017 . Logistics Manager . Akabo Media Ltd . 27 March 2017.
  19. Web site: Deutsche Post DHL Group ends financial year 2016 with record earnings . 8 March 2017 . Deutsche Post DHL Group .
  20. Web site: EXPRESS . Deutsche Post DHL Group .
  21. Web site: Revenue falls, but earnings and operating profit up at DHL . Burns . Justin . 8 March 2017 . Air Cargo Week . Azura International . 27 March 2017.
  22. Web site: Deutsche Post DHL reports "record earnings" for 2016 . . 8 March 2017 . Post and Parcen . 27 March 2017.
  23. Web site: DHL forwarding profits continue improving . Will Waters . 8 March 2017 . Lloyd's Loading List .
  24. News: DP DHL Group posts strong earnings in Q2 2020 . 9 July 2020 . Global Cargo News . 9 July 2020 . 25 August 2020 . https://web.archive.org/web/20200825205429/https://www.globalcargonews.com/dp-dhl-group-posts-strong-earnings-in-q2-2020 . dead .
  25. Web site: Deutsche Post DHL übernimmt StreetScooter GmbH . . 9 December 2014 . Deutsche Post DHL . Deutsche Post AG . 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..
  26. News: Deutsche Post will 2016 noch 2000 Elektro-Transporter bauen - manager magazin. manager magazin. 2017-08-03.
  27. Web site: Technical Information StreetScooter Work (Kofferaufbau) . . 2017 . StreetScooter . StreetScooter GmbH . 26 March 2017.
  28. Web site: Deutsche Post DHL makes its own electric delivery vans . . 15 June 2016 . DW . Deutsche Welle . 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..
  29. Web site: Streetscooter - Der tausendste Elektro-Transporter der Post . . 23 August 2016 . Frankfurter Allgemeine Zeitung . Frankfurter Allgemeine Zeitung GmbH . 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..
  30. News: Weiss . Richard . 24 March 2017 . Even Germany's post office is building an electric car . Waterloo Region Record . Kitchener, Ontario . 26 March 2017.
  31. Web site: StreetScooter presents new "Work L" model . . 20 September 2016 . DPDHL . Deutsche Post DHL . 26 March 2017.
  32. Web site: Even Germany's Post Office Is Building an Electric Car . Weiss . Richard . 24 March 2017 . Bloomberg . 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..
  33. News: 6 October 2021 . Deutsche Post to sells e-van business to Odin Automotive . Reuters. 30 June 2022.
  34. Web site: 22 May 2022 . Odin Automotive named B-ON & partners with Hitachi . 30 June 2022.

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