EUR 2 billion for digital transformation
Deutsche Post DHL Group has presented its new group strategy. Until 2025, the group will be spending around EUR 2 billion on digitalisation – this sum is already included in the planned Opex and Capex spending. The digitalisation investment is expected to lead to yearly run rate benefits of at least EUR 1.5 billion by 2025.
"We are convinced that future growth will come from a consistent focus on our profitable core logistics businesses – and digitalisation will become the greatest lever,” said Frank Appel, CEO of Deutsche Post DHL Group, during the presentation of “Strategy 2025” in Frankfurt am Main (Germany).
“We need not reinvent ourselves. We will digitalise ourselves.” The group has set the following specific financial targets for the forecast period to 2022: Ebit is expected to increase to at least EUR 5.3 billion, the group plans to generate a free cash flow of EUR 4.5 to 5.5 billion (cumulative) in the period from 2020 to 2022 and the group’s capex is planned to be between EUR 8.5 to 9.5 billion (cumulative) in the period from 2020 to 2022. (mw)