Revenue and profits up at Deutsche Post DHL
Deutsche Post DHL Group reported increases in both revenue and operating profit in the third quarter (Q3) of 2017.
Group revenue was up by 5.6% to €4.6bn, with particularly solid growth in the DHL Express division and the German and international parcel and eCommerce businesses, and EBIT was €834m.
Deutsche Post DHL Group said this had been the strongest third quarter in its history and the eighth consecutive quarter in which the company has posted an all-time quarterly high.
In a statement issued today (9 November), Frank Appel, CEO of Deutsche Post DHL Group, commented: “We had a strong third quarter with record earnings yet again. All divisions of our company registered growth thanks to our strategic focus on rapidly expanding sectors such as international e-commerce. By investing in the future and developing groundbreaking innovations, we are continuously expanding our market-leading position.
“For the fourth quarter, we anticipate a strong Christmas season and are confident that we will attain our targets for the full year.”
Deutsche Post DHL Group is maintaining its forecast of an increase in EBIT to around €3.75bn for full-year 2017, as well as an average increase in operating profit of more than 8% annually for the period from 2013 to 2020.
Revenue in the Post – eCommerce – Parcel (PeP) division increased by 6.9% to €4.3bn in Q3 – mainly due to growth in the eCommerce – Parcel business unit – and operating profit was up 5.1% to €308m.
Parcel Germany revenue increased by 5.5%, while eCommerce revenues climbed by 9.2%.
The most substantial gain was posted by Parcel Europe, however, where revenue grew by 62.9%. Deutsche Post DHL said that a key driver was the inclusion of UK Mail (which was bought in December 2016). But even with UK Mail taken out of the equation, Parcel Europe still saw a substantial revenue increase of 17.5%.
In the Post business unit, revenue was up slightly 0.6% to €2.3bn.
Revenue for the Express division was up 8.5% to €3.6bn, driven by solid growth in the international time-definite (TDI) delivery business, where daily volumes increased by 11.9%.
