Deutsche Post DHL reports steady Q2 growth

In its second quarter (Q2) results report, Deutsche Post DHL Group has announced that between April and June it saw revenue growth of 3% to €15.5 billion.

The revenue growth was even across all divisions with no major winners or losers, and growth was steady across all regions of the world. The operating profit (EBIT) also grew by 2.9% to €769 million.

Restructuring of the DHL Supply Chain and DHL eCommerce Solutions divisions did hold back overall growth.

“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 environment.”

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