- 3 August 2016
- Transport / Logistics Services
Deutsche Post DHL saw net profits increase by 66% to €541 million by comparison to Q2 2015, making this one of the strongest periods of growth in the company’s history.
Group EBIT was €752 million, up 40% on Q2 2015, though Group revenue actually fell by 3.5% to €14.2bn. The company says that this “primarily reflects a change in the recognition of revenue generated from a key customer contract in the Supply Chain division, which started in the fourth quarter of 2015″.
Commenting on the results, Frank Appel, CEO of Deutsche Post DHL Group, said: “Our successful business performance and the strong increase in operating profit we achieved in the second quarter demonstrate that we took the right decisions and made the right investments in 2015, a year of transition, to set the stage for improving our profitability this year and in the years to come.
“Having posted the strongest second quarter in our history, we remain well on track towards achieving our targets.
“Our Post – eCommerce – Parcel (PeP) division in particular contributed to the positive trend. PeP management is continuously expanding the division’s market-leading position through future-oriented investments and trend-setting innovations.”
Looking ahead to the end of the financial year, Deutsche Post DHL has re-confirmed its full year 2016 for Group EBIT to be between €3.4bn and €3.7 billion, with an average increase in operating profit of more than 8% annually during the period from 2013 to 2020.
Looking ahead, Deutsche Post DHL Group re-confirmed its full-year 2016 forecast for Group EBIT to be between €3.4bn and €3.7bn, and also continued to forecast an average increase in operating profit of more than 8% annually during the period from 2013 to 2020.
With e-commerce rocketing around the world, it is a very good time to be in the delivery business – even in all sectors as with the DPDHL Group.