DHL revenues up by 1.4%

Global parcel carrier and logistics operator Deutsche Post DHL reported a Q2 increase in revenues 1.4% against last year.

Deutsche Post DHL said in the statement that this performance was in line with expectations and supported by “significant gains at DHL Express and Global Forwarding, Freight”.

The statement added: “All of the DHL divisions reported EBIT increases, some significant. However, earnings in the Post – eCommerce – Parcel division fell back as expected, above all due to higher transport and staff costs. As reported at the beginning of June, the Group has initiated a comprehensive program for PeP to raise productivity and improve the division’s cost situation. This led to increased expenses and the recognition of first provisions in the second quarter.”

Commenting on the results,  Frank Appel, CEO of Deutsche Post DHL Group, said: “The second-quarter results were in line with expectations. Our three DHL divisions – Express, Global Forwarding, Freight and Supply Chain – performed well. We are clear about the challenges that face us at Post – eCommerce – Parcel and are implementing the measures for aligning the division toward long-term profitable growth. We are confident to reach our 2020 targets.”