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.[3] 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.[4] DHL Group was the largest logistics company worldwide in 2022.[5][better source needed]
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 Post Tower in Bonn | |
| DHL Group | |
| Company type | Public |
| FWB: DHL DAX Component | |
| ISIN | DE0005552004 |
| Industry | Postal services |
| Founded | 2 January 1995 |
| Headquarters | Post Tower, Bonn, Germany 50°42′56″N 7°07′48″E / 50.71556°N 7.13000°E |
Area served | Worldwide |
Key people |
|
| Brands | |
| Services | Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics |
| Revenue |  €81.76 billion (2023)[1] |
 €8.43 billion (2022)[2] | |
| €5.42 billion (2021)[2] | |
| Total assets | €63.59 billion (2021)[2] |
| Total equity | €19.50 billion (2021)[2] |
| Owners | Federal Republic of Germany via KfW bank (21%) |
Number of employees | 600,278 (2022)[2] |
| Website | group.dhl.com |
DHL Group is the successor to the German mail authority Deutsche Bundespost, the oldest modern postal service in the world,[6] 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.[7]
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.[8][9][10] The group's long term credit rating, in November 2016, was BBB+ with a Stable outlook per Fitch's.[11]
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
editDHL Group has become a large, world-wide company in about two decades. The following are significant dates in the development into its current form.[12]
- 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.[13]
- 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.[7][14]
- February 2019: The group reaches an agreement with SF Express (SF Holding) for its supply chain operations in China.[15]
Financial data
edit| Year | Revenue (€ bn) | Net Income (€ bn) | Assets (€ bn) | Employees |
|---|---|---|---|---|
| 2011 | 52.8 | 1.1 | 38.4 | 423,348 |
| 2012 | 55.5 | 1.6 | 34.1 | 428,287 |
| 2013 | 55.0 | 2.0 | 35.4 | 435,520 |
| 2014 | 56.6 | 2.0 | 36.9 | 443,784 |
| 2015 | 59.2 | 1.5 | 37.8 | 450,508 |
| 2016 | 57.3 | 2.6 | 38.2 | 459,262 |
| 2017 | 60.4 | 2.7 | 38.6 | 472,208 |
| 2018 | 61.5 | 2.0 | 50.4 | 499,018 |
| 2019 | 63.3 | 2.6 | 52.1 | 499,250 |
| 2020 | 66.8 | 2.9 | 55.3 | 521,842 |
| 2021 | 81.7 | 5.0 | 63.5 | 528,079 |
| 2022 | 94.4 | 5.3 | 68.2 | 542,917 |
| 2023 | 81.8 | 3.7 | 70.1 | 547,692 |
Corporate divisions
editPost and parcel division
edit
The postal division delivers approximately 61 million letters every working day in Germany,[9] 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.[18] 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.[19][20]
eCommerce division
editSince financial year 2019, DHL Group has been pooling its international parcel delivery operations in the eCommerce division.[citation needed]
Express division
edit
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.[21]
In 2016, this division's revenue increased by 2.7 per cent to €14 billion.[22] The operating profit before interest and taxes (EBIT) increased by 11.3% over 2015 to €1.5 billion.[23]
Express is divided into business units along regions:
Global Forwarding – Freight division
edit
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.[22]
Supply Chain division
editThe 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.[24]
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.[25]
Electric van manufacturing
edit
In December 2014, Deutsche Post DHL Group purchased StreetScooter GmbH, a small manufacturer of electric vehicles in Aachen, Germany.[26] By April 2016, the company announced that it would produce 2,000 of the StreetScooter Work model in Aachen by year end.[27]
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.[28]
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".[9] 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.[29]
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.[30] 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.[31]
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".[32] 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. [33]
In 2021 plans for the sale of Streetscooter to Luxembourg-based Odin Automotive, now B-ON, were reported.[34][35]
Brands
edit- 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.
See also
edit
References
edit- ^ "Resilient business model: DHL Group achieves annual targets for 2023 in a weak global economic environment", group.dhl.com
- ^ a b c d e "key figures" (PDF). Deutsche Post. Retrieved 12 April 2023.
- ^ "Employees and workplace". Deutsche Post DHL Group.
- ^ "Company Portrait". DHL Company Portrait. Retrieved 16 May 2018.
- ^ "DHL Group – Umsatz bis 2022".
- ^ "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.
- ^ a b "Deutsche Post DHL Group completes UK Mail acquisition". UK Mail. 22 December 2016.
- ^ Ben Meyer (8 March 2017). "Deutsche Post delivers record earnings in 2016 despite lower revenues". American Shipper. Howard Publications, Inc. Archived from the original on 20 September 2018. Retrieved 27 March 2017.
- ^ a b c "2016 Report" (PDF). DPHL. Deutsche Post AG. 8 March 2017. Retrieved 27 March 2017.
- ^ "Investor Relations". Deutsche Post DHL Group.
- ^ "Creditor Relations". Deutsche Post DHL Group.
- ^ "The history of Deutsche Post DHL Group". Deutsche Post DHL Group.
- ^ "Germany to sell one-third of post office in IPO". CNN Money. 24 October 2000.
- ^ "Deutsche Post DHL Group completes UK Mail acquisition". 3 January 2017. Archived from the original on 18 May 2017. Retrieved 27 March 2017.
- ^ "DHL Group Seals Deal for Sale of China-Based Supply Chain Business to SF Holdings".
- ^ "Deutsche Post Bilanz, Gewinn und Umsatz | Deutsche Post Geschäftsbericht | 555200". wallstreet-online.de. Retrieved 2018-11-05.
- ^ "Deutsche Post Dividende | KGV | Bilanz | Umsatz | Gewinn". boerse.de (in German). Retrieved 2020-12-28.
- ^ Businessweek.com 2 Aug 2007 Archived 2009-02-08 at the Wayback Machine
- ^ "45pc profit boost for Deutsche Post DHL". Logistics Manager. Akabo Media Ltd. 8 March 2017. Retrieved 27 March 2017.
- ^ "Deutsche Post DHL Group ends financial year 2016 with record earnings". Deutsche Post DHL Group. 8 March 2017.
- ^ "EXPRESS". Deutsche Post DHL Group.
- ^ 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.
- ^ "Deutsche Post DHL reports "record earnings" for 2016". Post and Parcen. 8 March 2017. Retrieved 27 March 2017.
- ^ Will Waters (8 March 2017). "DHL forwarding profits continue improving". Lloyd's Loading List.
- ^ "DP DHL Group posts strong earnings in Q2 2020". Global Cargo News. 9 July 2020. Archived from the original on 25 August 2020. Retrieved 9 July 2020.
- ^ "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.
- ^ "Deutsche Post will 2016 noch 2000 Elektro-Transporter bauen - manager magazin". manager magazin. Retrieved 2017-08-03.
- ^ "Technical Information StreetScooter Work (Kofferaufbau)". StreetScooter. StreetScooter GmbH. 2017. Retrieved 26 March 2017.
- ^ "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.
- ^ "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.
- ^ Weiss, Richard (24 March 2017). "Even Germany's post office is building an electric car". Waterloo Region Record. Kitchener, Ontario. Retrieved 26 March 2017.
- ^ "StreetScooter presents new "Work L" model". DPDHL. Deutsche Post DHL. 20 September 2016. Retrieved 26 March 2017.
- ^ Weiss, Richard (24 March 2017). "Even Germany's Post Office Is Building an Electric Car". 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.
- ^ "Deutsche Post to sells e-van business to Odin Automotive". Reuters. 6 October 2021. Retrieved 30 June 2022.
- ^ "Odin Automotive named B-ON & partners with Hitachi". 22 May 2022. Retrieved 30 June 2022.
External links
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