DHL increased both revenue and operating profit in Q1 2019

DHL increased both revenue and operating profit in Q1 2019

Deutsche Post DHL Group has released its first quarter 2019 results. The company generated revenue of EUR 15.4 billion between January and March, an increase of 4.1% from the previous year. Operating profit (EBIT) was up 28.1% to EUR 1.2 billion.

Previously announced restructuring costs at Supply Chain and in the new eCommerce Solutions division slowed EBIT growth.

Frank Appel, CEO of Deutsche Post DHL Group commented: “The first quarter played out as we expected. We achieved growth in all five divisions. This shows that we are very well positioned in attractive markets and that our fundamental growth drivers are intact. E-commerce continues to boom all over the world and although some momentum has been lost, global trade is still on the rise, just as we expected for 2019. We are therefore on track towards our target of generating more than EUR 5 billion in EBIT in the coming year.”

Outlook: 2019 and 2020 earnings forecasts confirmed

Deutsche Post DHL Group is maintaining its projection of an increase in operating profit to between EUR 3.9 and 4.3 billion in 2019. Structural and operating improvements in all Group divisions are expected to contribute to the increase. The measures initiated to raise profitability in the Post & Parcel Germany division (P&P) are expected to be one of the main factors having a notably positive impact on earnings over the course of the current financial year.

The P&P division is expected to contribute between EUR 1.0 and 1.3 billion to the Group’s projected EBIT for the current year. In the DHL divisions, the Group anticipates total EBIT growth of between EUR 3.4 and 3.5 billion. Group EBIT is projected to rise to more than EUR 5.0 billion in 2020. The P&P division is expected to contribute more than EUR 1.6 billion and the DHL divisions more than EUR 3.7 billion to that total.

Relevant Directory Listings

Listing image

KEBA

Since 2001, KePol parcel lockers from innovation leader KEBA ensure easy automating of the first and last mile of parcel logistics processes. First-class quality and outstanding reliability make KePol the world’s best locker solution available. Thanks to its modularity, the flexibility is high and customizing […]

Find out more

Other Directory Listings

Leave a comment

Your email address will not be published. Required fields are marked *

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

Have letter volumes plateaued in the UK or will they continue to see a decline?

Thank you for voting
You have already voted on this poll!
Please select an option!



Pin It on Pinterest

Share This