- 9 November 2017
- Transport / Logistics Services
Revenues and profits hit record levels at Deutsche Post DHL in the third quarter (Q3) of 2017.
Revenue for this group as a whole went up by 5.6% to €4.6 billion. DHL Express saw very strong growth as did the German, international parcel and e-commerce businesses. EBIT was €834 million.
According to Deutsche Post DHL this was the strongest Q3 in its history and the eighth successive quarter in which it posted an all time quarterly high.
In a statement, Frank Appel, CEO of Deutsche Post DHL Group, commented: “We had a strong third quarter with record earnings yet again. All divisions of our company registered growth thanks to our strategic focus on rapidly expanding sectors such as international e-commerce. By investing in the future and developing groundbreaking innovations, we are continuously expanding our market-leading position.
“For the fourth quarter, we anticipate a strong Christmas season and are confident that we will attain our targets for the full year.”
Deutsche Post DHL Group is maintaining its forecast of an increase in EBIT to around €3.75bn for full-year 2017, as well as an average increase in operating profit of more than 8% annually for the period from 2013 to 2020.
The most substantial gain was posted by Parcel Europe, where revenue grew by 62.9%. Deutsche Post DHL said that a key driver was the inclusion of UK Mail (which was bought in December 2016). But even with UK Mail taken out of the equation, Parcel Europe still saw a substantial revenue increase of 17.5%.
Revenue for the Express division was up 8.5% to €3.6bn, driven by solid growth in the international time-definite (TDI) delivery business, where daily volumes increased by 11.9%.
Revenue in the Post – eCommerce – Parcel (PeP) division increased by 6.9% to €4.3bn in Q3 – mainly due to growth in the eCommerce – Parcel business unit – and operating profit was up 5.1% to €308m.
Parcel Germany revenue increased by 5.5%, while eCommerce revenues climbed by 9.2%.
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