Report
Matthew Young
EUR 98.48 For Business Accounts Only

DHL Grapples With Margin Pressure in Its 1Q, but Underlying Demand Trends Still Positive

Narrow-moat Deutsche Post DHL’s first-quarter revenue increased 6% organically. Revenue came in ahead of our expected run rate, in part because of noise from rising fuel surcharges. Importantly, time-definite international shipment activity at Express remains healthy, domestic parcel volume in Germany continues to see meaningful expansion on positive e-commerce trends, and despite gross-margin pressure, the firm has made progress reinvigorating its air and ocean forwarding operations. Total prof...
Underlying
DHL GROUP

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Matthew Young

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