28.10.2015
Deutsche Post AG DE0005552004
Deutsche Post AG: Deutsche Post DHL Group defines Global Forwarding IT renewal path and addresses potential earnings exposure to ensure success of Strategy 2020
(DGAP-Media / 28.10.2015 / 19:34)
Deutsche Post DHL Group defines Global Forwarding IT renewal path and
addresses potential earnings exposure to ensure success of Strategy 2020
- Adapted business-centric IT renewal path at Global Forwarding to open
up the necessary flexibility to meet evolving industry needs; negative
one-off effect of EUR 345 million
- Additional one-off effects of EUR 200 million mainly to address legal
and regulatory aspects within the Group and to strengthen fundamentals
for Strategy 2020
- Group 2015 EBIT guidance lowered to minimum EUR 2.40 billion; 2016 and
2020 guidance confirmed
Bonn, October 28, 2015: Deutsche Post DHL Group, the world's leading mail
and logistics company, has today decided on the further course of its IT
renewal plan for the DHL Global Forwarding division. The Group recognized
the need to weigh potential alternatives and will implement a step-by-step
replacement and upgrade of its IT set-up. This could rely on a flexible IT
architecture, potentially enhancing and converging existing systems and
also incorporating advanced 'off-the-shelf' solutions that have been
commercially proven within the freight forwarding sector.
Given the decreased likelihood that DHL Global Forwarding will be able to
realize benefits from the New Forwarding Environment (NFE) system in its
current state, the Group will recognize in the result of the first nine
months of 2015 one-off effects of a total of EUR 345 million. This
comprises a write-down of EUR 308 million of assets capitalized in relation
to NFE and EUR 37 million of provisions which cover expenses for an
expected roll back of NFE in the countries where it was piloted.
"As we have said previously, 2015 is a year of transition. Accordingly, we
are taking all the measures we can to ensure that our business divisions
are optimally positioned for success in the coming years. Our objective for
a renewal of our forwarding business remains valid. We are now undertaking
further measures to make this renewal business-centric," said Frank Appel,
CEO, Deutsche Post DHL Group.
In the near-term, DHL Global Forwarding will pursue the business-centric IT
renewal approach that best supports improvements in operating performance,
such as enhancing shipment visibility through better capture, management
and display of operational milestones, and reduction of paper work through
greater use of a document management system which has already been proven
in our U.S. business. The Group is still in discussion with vendors
including the NFE implementation partner, and remains committed to allowing
the NFE implementation partner the opportunity to fulfill its contractual
obligations.
In addition to the above described measures, Deutsche Post DHL Group is
also taking further action to address potential earnings exposure by
recognizing in its outlook for 2015 further one-off effects of around EUR
200 million. This exposure relates mainly to the current reassessment of
legal and regulatory aspects in the Post - eCommerce - Parcel (PeP),
Express and Global Forwarding, Freight divisions.
"As part of our transition from Strategy 2015 to Strategy 2020, we accept
these short-term effects on our results in order to deliver long-term
targets. We are taking these measures to underpin our earnings guidance for
2016 and 2020," said Frank Appel.
Based on the above described effects, the Group expects 2015 EBIT guidance
to be a minimum of EUR 2.40 billion. PeP is expected to contribute a
minimum of EUR 1.1 billion. The DHL divisions will contribute a minimum of
EUR 1.65 billion. The earnings forecast for 2016 is not affected by the
named measures: consolidated EBIT is expected to reach between EUR 3.4
billion and EUR 3.7 billion in 2016. The PeP division is likely to account
for more than EUR 1.3 billion of this and the earnings contribution of the
DHL divisions is forecasted to range from EUR 2.45 billion to EUR 2.75
billion.
- End -
Media contact
Deutsche Post DHL Group
Media Relations
Anita Gupta/Dan McGrath
Phone: +49 228 182-9944
E-mail: [email protected]
On the Internet: www.dpdhl.com/press
Follow us: www.twitter.com/DeutschePostDHL
Deutsche Post DHL Group
Deutsche Post DHL Group is the world's leading logistics and mail
communications company. The Group is focused on being the first choice for
customers, employees and investors in its core business areas worldwide. It
makes a positive contribution to the world by connecting people and
enabling global trade while being committed to responsible business
practices and corporate citizenship.
Deutsche Post DHL Group operates under two brands: Deutsche Post is
Europe's leading postal service provider. DHL is uniquely positioned in the
world's growth markets, with a comprehensive range of international
express, freight transportation, eCommerce, and supply chain management
services.
Deutsche Post DHL Group employs about 480,000 people in over 220 countries
and territories worldwide. The Group generated revenues of more than 56
billion euros in 2014.
The postal service for Germany. The logistics company for the world.
End of Media Release
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Issuer: Deutsche Post AG
Key word(s): Enterprise
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Language: English
Company: Deutsche Post AG
Charles-de-Gaulle-Straße 20
53113 Bonn
Germany
Phone: +49 (0)228 182 - 63 100
Fax: +49 (0)228 182 - 63 199
E-mail: [email protected]
Internet: www.dpdhl.com
ISIN: DE0005552004
WKN: 555200
Indices: DAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart;
Terminbörse EUREX
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