Deutsche Post DHL Group achieves record revenue for 2022

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Deutsche Post DHL Group recorded €94.4bn (US$100bn) of revenue in 2022, exceeding its record from the previous year by 15.5%.

The company reports that the jump in revenue resulted from the international business of the DHL divisions, despite the fact that global trade and e-commerce normalized in 2022 as expected with slowing momentum in the final quarter. Consequently, shipment volumes were slightly below the all-time high of 2021.

The company also benefited from the increasing demand for resilient supply chains in contract logistics and, particularly in the first half of 2022, from high freight rates in the forwarding business.

Overall, Deutsche Post DHL Group achieved a new record with an operating profit (EBIT) of €8.4bn (US$8.89bn). The key driver was the positive earnings development in the internationally operating DHL divisions, which generated EBIT of around €7.6bn (US$8bn).

With €1.3bn (US$1.37bn), EBIT of Post and Parcel Germany declined by around €500m (US$532m) compared with the prior-year result. The group-wide EBIT margin was 8.9%, whereas in 2021 it was 9.8%.

In 2022, Deutsche Post DHL Group invested a record sum of €4.1bn (US$4.34bn) in its operating business as well as in digitalization and sustainability. The group expanded its electric vehicle fleet by 7,000 to more than 29,000 e-vehicles worldwide.

Frank Appel, CEO of Deutsche Post DHL Group, said, “We have demonstrated resilience and innovation capability in a challenging environment. Our course and strategy remain well on track. Once again, our thanks go to our employees for their extraordinary commitment in a challenging year.”

Melanie Kreis, chief financial officer (CFO) of Deutsche Post DHL Group, added, “With the fundamental improvement in earnings in recent years, we have raised our financial strength to a much higher level. This strengthened starting point creates the financial leeway to continue investing in our core business and to position our company as an attractive investment. The slowing macroeconomic growth momentum is reflected in our EBIT outlook. That is why we are acting particularly prudent in the first half of 2023 and focusing on our yield and cost management.”

To keep up with the latest Deutsche Post DHL Group developments, click here.

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