GO
Loading...

Enter multiple symbols separated by commas

Deutsche Post 'aggressively' eyes online retail

German mail and logistics company Deutsche Post DHL is "aggressively" investing in the expansion of its business in online retailing and emerging markets, even as many other German firms plan to hang onto their cash rather than invest it, the group's chief financial officer has said.

The postal firm intends to tap the boom in online shopping, particularly in emerging markets, according to CFO Lawrence Rosen, who said he expects the group's capex (capital expenditure) in coming years to remain high.

Read MoreEvraz: Lenders still demand harsh terms

80241851JS002_Deutsche_Post
Getty Images

German firms are planning to invest a total of 136 billion euros ($184.5 billion) in the growth of their businesses, some 18 percent less than they spent in 2013, according to General Electric's European Capex Barometer released earlier this year.

Read MoreRusal 'in very good shape' on debt repayments: CFO

"We have a pretty aggressive capex plan. We are investing in a couple of mega trends we have seen over the last year of ecommerce and the emerging markets (EM). Even though growth has slowed down a bit in the EM and Asia compared to a couple of years ago, it is still a very healthy growth rate and our aim is to increase our presence in EM and we are investing a lot for that," Rosen told CNBC.

"In Germany we are investing in our parcel technology and facility and capacity to take advantage of the boom in ecommerce online retailing," he said adding the group's capex plan is "higher this year than last year and we expect it to stay at that relatively high level."

Read MoreStill keen on eastern Europe: BNP Paribas CFO

Rosen said even though Deutsche Post was planning on spending, it was understandable that other firms are not doing the same, even with such low interest rates, given the "relatively weak economic environment".

"I can't really speak to others but it is not the case for us. We are investing in our strategy, it has been successful and we expect it to be successful in the next years, capitalizing on those strong trends," he said.

CNBC Global CFO Council

Video

  • Fed rate rise? Late 2015, says Yahoo CFO

    Kenneth Goldman, CFO of Yahoo! and CNBC Global CFO Council member, explains why he doesn't see the potential Fed rate rise having an effect on companies who've been fueling growth through cheap credit.

  • Maybank CFO: Expect slower loan growth this year

    Mohamed Rafique Merican, CFO of Maybank Group, says factors such as weaker commodity prices and the implementation of the goods and services tax will weigh on loan growth this year.

  • Is Lenovo worried about a China slowdown?

    Wong Wai-Ming, CFO of Lenovo, is confident that business on its home turf will continue to grow, but says the percentage of its Chinese business will likely fall amid a growing international market.