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Analytiqa: Logistics Bulletin: Friday 10th November |
| Written by Mark O'Bornick | |
| Friday, 10 November 2006 | |
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This week's Logistics Bulletin reports on quarterly and interim results from DPWN and Wincanton. DPWN's LOGISTICS division recorded revenues of €16.0 billion for the first nine months of 2006. All three business units; DHL Exel Supply Chain, DHL Global Forwarding and since July 1st, 2006, DHL Freight, have contributed with sustained organic growth. Acquisitions contributed €8.6 billion to this revenue figure. Wincanton, in the first six months of the year, has increased revenue by 5.9% compared to the first half of 2005, but profits have declined slightly by 0.7%.</br></br> News from across the UK supply chain includes Tesco investing €70.0 million in a new distribution centre for Ireland and The Home Retail Group, Marks & Spencer, ASDA and Boots working with Envirowise, in a commitment to reducing the environmental impact of their supply chains. .</br></br>
Elsewhere, contract wins include NYK Logistics working with HARIBO, Logista is to provide logistics services to Exxon Mobil in Portugal and Bibby Distribution has won a contract for UK distribution with Suzuki. News from the US includes FedEx cancelling its Airbus order and buying 15 new Boeing 777 Freighters, UPS enhancing its international shipping portfolio, whilst OH Logistics has formed a joint venture enterprise named Quality Packaging Specialists International. Finally, senior European appointments have been announced at PWC Logistics and Schneider Logistics.</br></br> DPWN increases revenue to €14.9 billion in Q3 </br></br> 08 November 2006 - Deutsche Post World Net (DPWN) has increased its consolidated revenue in the third quarter of 2006 by 35.0%, reaching €14.9 billion, from €11.0 billion recorded in the previous year period. The integration of Exel and the financial service provider BHW, as well as organic growth has driven this increase. These acquisitions have also contributed to the Company now generating 59.0% of total revenue outside Germany. Profit from operating activities (EBIT) rose by 40.1%, to €1.0 billion, including the expected income of €276.0 million from calling the exchangeable bond on Postbank stock in July prior to maturity. In the third quarter of 2005, EBIT was €735.0 million. Consolidated net profit in the 2006 third quarter was €537.0 million, an increase of 30.3%, from €412.0 million in the year-earlier quarter. </br></br> In the first nine months of the year, the Group posted 36.0% higher revenues of €44.2 billion, including approximately €10.2 billion from acquisitions. EBIT rose by 7.5% to €2.6 billion. </br></br> Since the beginning of the year, the LOGISTICS division includes the activities of Exel, which was acquired in 2005 and the business continues to develop well in terms of integration, performance and growth. Revenue in the first nine months of 2006 was €16.0 billion, compared to the previous year revenue of €6.6 billion. All three business units; DHL Exel Supply Chain, DHL Global Forwarding and since July 1st, 2006, DHL Freight, have contributed with sustained organic growth. Acquisitions have contributed €8.6 billion to this revenue figure. EBIT for the LOGISTICS division reached €513.0 million in the first nine months, from €244.0 million in the year-earlier period. </br></br> In the first nine months of the year, revenue from the EXPRESS division rose by 2.4% to €13.0 billion from €12.7 billion in the first nine months of 2005. The Asia Pacific and Emerging Markets regions, in particular, contributed to the growth in revenue with double-digit increases. EBIT fell from €217.0 million in the previous year to €91.0 million. In the third quarter, however, the division did improve, with operating profit increasing by €106.0 million year-on-year and by €44.0 million compared to the second quarter of 2006. The Americas region was able to continue its positive development from the second quarter into the seasonally weak third quarter. After having significantly improved service quality in the US, the Company is increasingly able to acquire new business at better rates. </br></br> DPWN expects to record a revenue of €60.0 billion in 2006 and an EBIT of approximately €3.9 billion. Earnings will include substantial one-time expenses for the integration of Exel and BHW. The Group has adjusted the full-year forecasts for the LOGISTICS, EXPRESS and FINANCIAL SERVICES divisions to account for positive developments in the logistics business and at Postbank, as well as the relocation of the European road transport business from the EXPRESS division to the LOGISTICS division as of July 1st, 2006. </br></br> Elsewhere this week:</br></br> DPWN increases revenue to €14.9 billion in Q3 http://www.analytiqa.com/newsitem.aspx?articleid=2020 </br></br> Wincanton increase revenue by 5.9% in first half of 2006 http://www.analytiqa.com/newsitem.aspx?articleid=2018 </br></br> Tesco to invest €70.0 million in distribution centre for Ireland http://www.analytiqa.com/newsitem.aspx?articleid=2011 </br></br> UK retailers work to make their supply chains more environmentally friendly http://www.analytiqa.com/newsitem.aspx?articleid=2016 </br></br> ProLogis acquires UK property portfolio http://www.analytiqa.com/newsitem.aspx?articleid=2012 </br></br> DHL to invest a further US$50.0 million in South Korea http://www.analytiqa.com/newsitem.aspx?articleid=2024 </br></br> NYK Logistics to provide storage and distribution for HARIBO http://www.analytiqa.com/newsitem.aspx?articleid=2013 </br></br> Logista wins another contract in Portuguese petrochemical sector http://www.analytiqa.com/newsitem.aspx?articleid=2015 </br></br> Bibby Distribution wins Suzuki contract http://www.analytiqa.com/newsitem.aspx?articleid=2023 </br></br> PWC Logistics appoints CEO for Europe http://www.analytiqa.com/newsitem.aspx?articleid=2017 </br></br> Schneider Logistics appoints Vice President for European operations http://www.analytiqa.com/newsitem.aspx?articleid=2019 </br></br> FedEx cancels Airbus order http://www.analytiqa.com/newsitem.aspx?articleid=2021 </br></br> OH Logistics forms joint enterprise with Rock-Tenn and Quality Packaging Specialists http://www.analytiqa.com/newsitem.aspx?articleid=2022 </br></br> UPS expands its international shipping portfolio http://www.analytiqa.com/newsitem.aspx?articleid=2014 </br></br> TNT completes sale of logistics division http://www.analytiqa.com/newsitem.aspx?articleid=2010 </br></br> Click www.analytiqa.com/news.aspx for additional developments added daily.</br></br>
Mid-Tier 3PLs struggle to maintain margins </br></br> Winners and Losers amongst European 3PLs... Click www.analytiqa.com/pdf/free/WhosWhoinEuropeanLogistics2006.pdf for more details.</br></br> Which companies are growing revenues faster than their competitors? But how are their margins changing?</br></br> Who's Who in European Logistics 2006 is a statistical analysis, based on unique primary research exclusive to Analytiqa, of the leading logistics service providers in Europe. </br></br> Who is striving, thriving or simply just surviving? To see the content available in this report, click www.analytiqa.com/pdf/free/WhosWhoinEuropeanLogistics2006TOC.pdf </br></br> Analytiqa Gate House, Fretherne Road, Welwyn Garden City, UK, AL8 6NS Tel: +44 (0)1707 37 22 11 Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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