Deutsche Post DHL Group has revealed its new corporate strategy and announced plans to invest around 2 billion euros in digitisation by 2025.
With the “Strategy 2025 – Delivering excellence in a digital world”, the company will focus even more consistently on tapping the continuing high potential for long-term profitable growth in its logistics core businesses.
The investment would directed into “modernising IT systems, integrating new technologies and offering employees targeted advanced training to enable them to use these technologies”.
In addition, it will accelerate the already initiated digital transformation of the Group in all divisions.
Frank Appel, CEO of Deutsche Post DHL Group presenting the “Strategy 2025” in Frankfurt am Main said: “Deutsche Post DHL Group is stronger than ever before and we believe that future growth will result from a consistent focus on our profitable core logistics businesses – and digitisation will be the biggest lever,” said Frank Appel, CEO of Deutsche Post DHL Group presenting the “Strategy 2025” in Frankfurt am Main. “We do not have to reinvent ourselves, we will digitise ourselves.”
The Group has set itself the following concrete financial targets for the coming planning period until 2022:
- EBIT should rise to at least 5.3 billion euros.
- The Group plans to generate a cumulative free cash flow of 4.5 to 5.5 billion euros in the period from 2020 to 2022.
- Capital expenditure (capex) is expected to amount to between 8.5 and 9.5 billion euros over the period from 2020 to 2022.
Source: Post and Parcel