Deutsche Post DHL Group posts strong quarterly results despite global economic uncertainty

  • Posted on August 05, 2022

In the second quarter 2022, the world’s leading logistics group Deutsche Post DHL Group generated a double-digit revenue and EBIT growth. Based on its broad portfolio of logistics solutions and global presence the Group increased revenue by 23.4 percent year on year to EUR 24.0 billion.

Frank Appel, CEO of Deutsche Post DHL Group said, "Our customers appreciate logistics services more than ever before. Based on our strong international footprint coupled with the most modern infrastructure, we are able to offer reliable solutions in an increasingly complex environment across all sectors. We remain solid as a rock in uncertain times.”

The Group’s well-balanced portfolio unfolded once again its strength in the second quarter 2022. The double-digit growth seen in revenue and EBIT was again driven by the B2B business of the DHL divisions Global Forwarding, Freight, Supply Chain and Express. Global Forwarding, Freight achieved an exceptionally large jump in revenue and EBIT based on a dynamic price and margin development in the air and ocean freight business. Supply Chain was able to increase revenue and EBIT due to elevated warehousing activities. Significant revenue growth was also achieved by Express with temporary lockdowns in China hampering an even better result.

At the same time, the e-commerce driven B2C business of the divisions Express, eCommerce Solutions and Post & Parcel Germany normalized at a structurally higher level. As expected, EBIT of eCommerce Solutions and Post & Parcel Germany came in below the very strong level of the previous year.

"We have significantly improved our financial strength through a strong operating performance in recent quarters. Greater financial flexibility prepares us for any scenario. Thanks to our strong balance sheet, we can proceed as planned with our targeted investments of around EUR 12 billion by 2024. In doing so, we are creating the conditions for long-term growth beyond the significantly improved earnings level of recent quarters”, said CFO Melanie Kreis.

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