Double digit profit growth at DHL

Second quarter (Q2) revenues at Deutsche Post DHL grew by 4.4% to €14.8 billion and operating profits were up 11.8% to €841 million.

The delivery and logistics giant said in a statement that its international parcel and e-commerce business as well as the “the global Express business in particular” drove the growth.

“We are very satisfied with both the second quarter and the entire first half of the year. Our company is growing in all areas and steadily increasing earnings,” said Frank Appel, CEO of Deutsche Post DHL Group.

“Our good results so far this year demonstrate that we are right on track to achieve our EBIT targets for full-year 2017. We also remain optimistic about the coming years. All of our divisions, thanks to their focus on fast-growing markets such as global e-commerce, are optimally positioned for long-term growth.”

Revenue in the Post – eCommerce – Parcel (PeP) division was up 4.8% to €4.3bn. This was primarily attributable to the eCommerce – Parcel business unit, whose  revenue increasing by 13.6% to €2.0bn. Parcel Europe (+61.5%) and eCommerce (+15.1%) were the main drivers behind this growth.

Deutsche Post DHL added: “A key positive factor behind the strong increase in revenue at Parcel Europe was the inclusion of the UK Mail business in the unit’s consolidated results after successful completion of the British company’s acquisition in December. UK Mail generated revenue of €127 million in the second quarter. Organically, revenue at Parcel Europe increased by 21.2%.”

In the Post business unit, revenue was down 1.8% to €2.3bn due to structural volume declines, mainly in the area of Mail Communication.

The Express division saw revenues increase by 8.7% to €3.8bn. This was supported by an 8.5% increase in daily volumes in the international time-definite (TDI) delivery business.
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