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Deutsche Post-DHL's annual results conference in Bonn

“We are committed to continuously reinventing ourselves for the benefit of our customers”, says Frank Appel in Deutsche Post-DHL’s annual results 2016

I had mixed feelings when DP-DHL released its annual results last week, but after digging beneath headline numbers that were broadly satisfactory across most divisions – particularly good for Post-eCommerce-Parcel (PeP) – I found myself becoming increasingly relieved to find clues that its capital allocation strategy is working.

It is also well balanced.

Are these key elements behind the rich emoluments its top executives ...

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