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Analytiqa: Logistics Bulletin: Friday 10th November

11-13-2006 05:15 PM CET | Logistics & Transport

Press release from: Analytiqa

Friday 10th November 2006 – 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%.

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.

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.

DPWN increases revenue to €14.9 billion in Q3

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.

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.

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.

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.

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.

Elsewhere this week:

DPWN increases revenue to €14.9 billion in Q3
http://www.analytiqa.com/newsitem.aspx?articleid=2020

Wincanton increase revenue by 5.9% in first half of 2006
http://www.analytiqa.com/newsitem.aspx?articleid=2018

Tesco to invest €70.0 million in distribution centre for Ireland
http://www.analytiqa.com/newsitem.aspx?articleid=2011

UK retailers work to make their supply chains more environmentally friendly
http://www.analytiqa.com/newsitem.aspx?articleid=2016

ProLogis acquires UK property portfolio
http://www.analytiqa.com/newsitem.aspx?articleid=2012

DHL to invest a further US$50.0 million in South Korea
http://www.analytiqa.com/newsitem.aspx?articleid=2024

NYK Logistics to provide storage and distribution for HARIBO
http://www.analytiqa.com/newsitem.aspx?articleid=2013

Logista wins another contract in Portuguese petrochemical sector
http://www.analytiqa.com/newsitem.aspx?articleid=2015

Bibby Distribution wins Suzuki contract
http://www.analytiqa.com/newsitem.aspx?articleid=2023

PWC Logistics appoints CEO for Europe
http://www.analytiqa.com/newsitem.aspx?articleid=2017

Schneider Logistics appoints Vice President for European operations
http://www.analytiqa.com/newsitem.aspx?articleid=2019

FedEx cancels Airbus order
http://www.analytiqa.com/newsitem.aspx?articleid=2021

OH Logistics forms joint enterprise with Rock-Tenn and Quality Packaging Specialists
http://www.analytiqa.com/newsitem.aspx?articleid=2022

UPS expands its international shipping portfolio
http://www.analytiqa.com/newsitem.aspx?articleid=2014

TNT completes sale of logistics division
http://www.analytiqa.com/newsitem.aspx?articleid=2010

Click www.analytiqa.com/news.aspx for additional developments added daily.

Analytiqa
Gate House, Fretherne Road,
Welwyn Garden City, UK, AL8 6NS
Tel: +44 (0)1707 37 22 11
Email: info@analytiqa.com
Contact: Editor, Logistics Bulletin

List of Key Industry Participants:

ABX LOGISTICS; BAX Global; CH Robinson; DHL Global Forwarding; EGL; Exel; Expeditors; FedEx; GeoLogistics; Hellmann Worldwide Logistics; Kintetsu World Express; Kuehne & Nagel; Maersk Logistics; Nippon Express; Panalpina; Schenker; SDV; UPS SCS; UTi Worldwide Logistics; Yusen; Wincanton; APL Logistics; TDG; Rhenus Logistics; Penske Logistics; DPWN; DHL; DHL Exel Supply Chain; Federal Express; Schneider Logistics; Schneider National; Schenker Logistics; Stinnes; Gist; Eagle Global Logistics; Menlo Worldwide; Jones Lang LaSalle; ProLogis; DTZ; Gazeley; Groupe Norbert Dentressangle; National Logistics Company; TNT; TNT Logistics; Gefco; Maersk; Geodis; GEFCO; Bibby Distribution; Global Automotive Logistics; Autologic; NYK Logistics; Dachser; DSV; Fiege; Frans Maas; Hellmann Worldwide; MOL; KWE; Kintetsu; Ewals; UPS; Ryder.

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