Report
Matthew Young
EUR 100.00 For Business Accounts Only

DHL's Express Unit Seeing Solid Growth; Cost Management in Focus for the Post and Parcel Segment

Narrow-moat Deutsche Post DHL posted mid-single-digit year-over-year organic top-line growth in the fourth quarter (6% for full-year 2018), which wasn’t far off our expected run rate. The flagship Express division continues to generate solid volume and yield improvement, recent Global Forwarding execution gains are sticking, and Parcel Germany and Parcel Europe are capitalizing on e-commerce related tailwinds. We will be incorporating full-year 2018 financials into our model, but since our midcy...
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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