Left: Frank Appel, CEO of Deutsche Post DHL
Deutsche Post DHL Group recorded the strongest third quarter (Q3) in company history after unveiling earnings before tax and interest (EBIT) of 755m (US$832m).
The sharp rise in EBIT compared with the 197m (US$217m) recorded in 2015 has been attributed to sustained organic growth in operating profit in all divisions in addition to the non-recurrence of substantial one-time effects.
This is in contrast to the group’s revenue which decreased by 3.9% to 13.9bn (US$15.4bn) between July and September 2016. In addition to negative currency effects and lower fuel surcharges due to falling oil prices, the decline reflected a change in the recognition of revenue generated from a key customer contract in the Supply Chain division, which took effect in the fourth quarter of 2015. Adjusted for the above effects, group revenue rose by 2.4% year on year.
Frank Appel, CEO of Deutsche Post DHL Group, said, “The strong trend in operating profit in all four divisions shows that we have set the right priorities with our Strategy 2020. We are taking an increasingly active role in the dynamic development of e-commerce all over the world and are continuing to invest in this segment. Thanks to the targeted investments and strategic initiatives we implemented in prior years, we are now enjoying success despite weak economic tailwind. We are well on track to reaching the ambitious goals we have set for 2016 and beyond.”
November 9, 2016
