DHL “in good shape” for second quarter
Deutsche Post DHL Group has continued its profitable growth course in the second quarter of 2019. In the period from April to June, the Group increased revenue by 3.0% year-on-year to EUR 15.5 billion.
All five divisions contributed to this positive development, as did growth in all regions of the world. The Group’s operating profit (EBIT) improved by 2.9% to EUR 769 million compared to the prior-year period. Earnings of the Post & Parcel Germany division (P&P) turned positive again for the first time since the fourth quarter 2017. However, EBIT growth of the Group was held back by restructuring expenses in the Supply Chain and eCommerce Solutions divisions.
“Overall, Deutsche Post DHL Group is in good shape. Our business developed as planned in the second quarter,” says Frank Appel, CEO of Deutsche Post DHL Group. “We have already generated Group EBIT of about EUR 1.9 billion after six months. That’s nearly half of our minimum target for 2019. The measures we initiated to improve productivity at P&P and the postage rate increase as of July 1 will provide further momentum in the second half of the year, as will the traditionally strong final quarter. We are therefore confident about our further performance and have raised the lower end of our full-year forecast – despite the challenging macroeconomic environmennt.”