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The global fashion business journal

Nov 28, 20203:33am

DHL owner with eyes set in ecommerce: invests 9.5 billion

The German giant plans to invest between 8.5 billion and 9.5 billion euros to update its IT systems and improve its data analytics.   

Oct 2, 2019 — 5:27pm
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DHL owner with eyes set in digital transformation: invests 2 billion

 

 

The giant Deutsche Post DHL takes out the checkbook to adapt to the new era of logistics. The company has announced an investment of between 8.5 billion and 9.5 billion euros to boost its ecommerce, one of the main engines of growth in this sector.  

 

The investment will be used to step up its digital transformation, train their staff and improve their data analysis systems to improve the design of delivery routes and predict order volumes.  

 

Of that investment, 2 billion euros will go to digitalization, with the objective that this expense generates an annual benefit of more than 1.5 billion euros by 2025.    

 

 

 

 

Overall, the company expects to achieve an operating profit of 5.3 billion euros in 2022. Given the current economic environment, quite uncertain, the group’s financial officer said that the company’s forecasts will be made for a period of three years and will be updated annually.  

 

The profitable core of is international transportation via AirFreight, Ocean Freight and Road Freight, including customs clearance and related value-added services such as warehousing and cargo insurance.

 

Deutsche Post DHL closed its fiscal year 2018 with a revenue of 61.6 billion euros, 1.8% more than the previous year, and an operating profit (ebit) of 3.2 billion euros.

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