DHL: EBIT down 20% in Q1

(CercleFinance.com) - DHL Group shares are actually up 1% in Frankfurt, despite the the mail and logistics group's publication of annual EPS that is down 17% at E0.
63, with operating profit (EBIT) that also fell (-20%) to E1.31bn, albeit still above pre-pandemic levels.

At almost E20.3bn, revenues were down 3.2% in an unusually long phase of weak global business dynamics, an environment that has led the German group to focus on managing its costs and capacities.

Despite all the challenges, 2024 is a year of opportunities, says CEO Tobias Meyer, pointing to the continuing high demand for omnishoring and e-commerce solutions, as well as customers' increasing focus on sustainable logistics.

Anticipating a more positive global economic dynamic in H2, DHL confirms that it is targeting an operating profit of between E6bn and E6.6bn for FY 2024, and between E7.5bn and E8.5bn for 2026.


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