Deutsche Post DHL Group profits continue to rise in Q3

Deutsche Post DHL Group CEO, Frank Appel presenting the third quarter results

Deutsche Post DHL Group net profits have grown 3.7 per cent in the third quarter with the DHL Express division posting the strongest results.

Consolidated net profits were €641 million ($743 million) in the third quarter and revenue grew by 5.6 per cent to €14.6 billion.

Earnings before interest and tax (EBIT) for the group grew by 10.5 per cent to €755 million, with the Post – eCommerce – Parcel sector up 5.1 per cent to €293 million, and DHL as a whole increased by 9.3 per cent to €586 million.

Among the divisions of DHL, Express saw the most substantial growth, with EBIT up 10.4 per cent to €372 million due to the strength of its international network.

Global Forwarding benefitted from air and ocean freight volume growth, helping EBIT up 6.3 per cent to €67 million, and Supply Chain grew organically by eight per cent to €148 million.

Deutsche Post DHL Group chief executive officer, Frank Appel says: “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.”

Net profits for the first nine months of 2017 rose by 4.3 per cent to €1.87 billion and revenue was up by 5.8 per cent to €44.3 billion.

Group EBIT was up 7.6 per cent to €2.38 billion, with €992 million coming from Post, which was growth of 3.8 per cent, while DHL’s EBIT rose by 7.4 per cent to €1.78 billion.

DHL Express EBIT increased by 11.4 per cent to €1.2 billion, Global Forwarding was down 4.9 per cent to €174 million and Supply Chain up by 1.4 per cent to €371 million.