Led by its booming B2B businesses, Deutsche Post DHL Group has seen a 20% increase in revenues to €24 billion in the third quarter of the financial year, compared to the same period in 2021-22.

“The first three quarters of the year were the most successful in our company’s history. EBIT remained above EUR 2.0 billion in all three quarters. Even if global growth is losing momentum, we are well on track to achieve the best result ever with an EBIT of around EUR 8.4 billion,” said Frank Appel, CEO of Deutsche Post DHL Group. “The foundation for our success is our global logistics business, which is extremely well balanced in terms of sectors and regions, powered by our dedicated workforce. This makes us a reliable partner for our customers all around the world – especially in these volatile times.”

Deutsche Post DHL’s B2B businesses – the Global Forwarding, Freight, Supply Chain and Express divisions – were the main drivers behind the logistics giant’s success. At the same time, the domestic parcels business in Germany seems to be recovering even in the face of the fuel-price induced inflation that has affected the whole of Europe.

This shows a glimmer of hope in the sector as other logistics companies struggle in the face of higher costs and lower margins.