Deutsche Post DHL Group revenue grew 4.4 per cent in the second quarter with double digit profit growth, helped by strong growth particularly for e-commerce and the express business.
Second quarter revenue hit €14.8 billion ($17.4 billion) while net profit was up 11.3 per cent to €602 million.
The Express sector registered the highest growth measured as earnings before interest and tax (EBIT), up 12.2 per cent to €469 million, with the Post division growing 4 per cent to €259 million.
Global Forwarding was down 2.9 per cent to €67 million while Supply Chain was up 21.6 per cent to €124 million.
Deutsche Post DHL Group chief executive officer, Frank Appel says: “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.”
“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 for the first half of 2017 was up 5.8 per cent to €29.7 billion with net profits growing 4.7 per cent to €1.2 billion.
EBIT for Post rose 3.2 per cent to €684 million, while Express EBIT increased 11.9 per cent to €865 million, though Global Forwarding was down 10.8 per cent to €107 million and Supply Chain by 2.6 per cent to €223 million.