German Deutsche Post to strengthen logistics division
Deutsche Post AG is looking for acquisitions in the Asian and American region in line with the strategy to strengthen its logistics business, Frank Appel, member of the management board, said on April 12, 2005.
Deutsche Post’s DHL Danzas Air & Ocean unit in the Asia-Pacific region and German logistics company DHL Solutions are the two subsidies to profit the most from the expansion strategy. Deutsche Post aims to be market leader in air and marine cargo freight as well as to be among the top 3 in contract logistics.
The group’s logistics business reported a 15.4 pct year-on-year increase in sales to 6.8 bln euro (USD8.79 bln) in 2004. Danzas generated some 4.9 bln euro (USD6.33 bln) of them while DHL Solutions sales accounted for 1.8 bln euro (USD2.33 bln). The earnings before interest and tax (EBIT) rose to 281 mln euro (USD363.1 mln), compared to 206 mln euro (USD266.2 mln) in 2003.
