Deutsche Post AG (DPWGn.DE)
16 Aug 2018
Tue, Aug 7 2018
BERLIN Deutsche Post DHL Group reported slightly lower than expected operating profit for the second quarter, with earnings at its troubled post and parcel division weighing.
NAIROBI, July 27 DHL Global Forwarding has signed an agreement with state-owned Ethiopian Airlines to set up a joint venture logistics company to serve Africa, the company that is part of Deutsche Post DHL Group said on Friday.
* IPO, partial sale among options -sources (Adds further details on valuation, potential partners)
FRANKFURT/DUESSELDORF, July 11 German postal services group Deutsche Post has hired a bank to evaluate options for its electric van business Streetscooter as it seeks to expand the unit and benefit from an expected surge in demand, people close to the matter said.
* Board member Ogilvie takes over as head of electric van unit (Adds background on Gerdes career, PeP unit)
FRANKFURT Deutsche Post DHL set out plans to restructure its post and parcel delivery division to better cope with rising staff and transport costs and slashed its 2018 operating profit forecast by almost a quarter, sending its shares sharply lower.
FRANKFURT Deutsche Post DHL Chief Executive Frank Appel said he had "some ideas" for the future leadership of the group's Post - eCommerce - Parcel (PeP) division but declined to provide details.
* Shares drop as much as 9 percent (Adds further details of restructuring measures, CEO comment, analyst comment)
FRANKFURT, June 8 Deutsche Post will take a hit of around 650 million euros ($763 million) this year as it strives to boost profitability at its post and parcel delivery division, it said on Friday, hammering its shares.
DUEREN, Germany Deutsche Post DHL could envisage floating its Streetscooter electric van business, which is expanding internationally, on the stock market, but not for another two to three years, an executive said.
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