No Surprises in DHL’s 2Q; Express and Parcel Growth Solid, while Post Grapples With Rising Costs
In the second quarter, narrow-moat Deutsche Post DHL’s reported gross revenue expanded roughly 2% year over year, or about 6.0% organically (6.5% last quarter). Reported revenue came in slightly ahead of our expected run rate for the year due to rising fuel surcharges and higher-than-anticipated growth in the e-commerce/parcel division. Organic growth remains solid at Express, the German parcel delivery operations are still expanding on the back of e-commerce tailwinds, and broader parcel-Europe...Deutsche Post is a mail and logistics services group. In its Mail division, Co. provides domestic and international mail and parcels and is engaged in dialogue marketing, nationwide press distribution services and the electronic services related to mail delivery. Co.'s Express division provides courier and express services to business and private customers globally. Co.'s Global Forwarding, Freight division manages the carriage of goods by rail, road, air and sea, ranging from container transport to solutions for industrial projects. Co.'s Supply Chain division provides warehousing, managed transport and services at every link in the supply chain for customers in a variety of industries.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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