DHL: stock down on lowered targets

(CercleFinance.com) - DHL Group shares are down over 2% in Frankfurt, after lowering its targets due to the weak economic dynamics of B2B volumes, as well as a significant decrease in letter volumes.


As a result, it now only expects EBIT of above E5.8bn for 2024, instead of the previous target range of E6bn to E6.6bn, and above E7bn for 2026, instead of between E7.5bn and E8.5bn.

For the first 9m of 2024, the German mail and logistics group posted EPS that is down 15.5% to E1.91, and EBIT that fell 14.2% to E4.03bn, representing a 1.2-point fall in its margin to 6.6%.

At nearly E61.5bn, DHL's revenues nevertheless rose by 1.8% over the period as a whole, and by 6.2% to nearly E20.6bn in Q3 alone, despite persistently sluggish market dynamics.


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