Deutsche Post DHL raises full-year outlook to at least 1.35 billion euros
Successfully manages impact of economic crisis in third quarterBonn, 11/05/2009, 07:00 AM CET
Deutsche Post DHL, the world's leading mail and logistics provider, saw its third-quarter revenue fall 18.6 percent to 11.2 billion euros in the wake of the continuing global economic crisis.
Thanks to strict cost management, however, the Group was able to significantly cushion the crisis' impact on profitability. As a result, underlying EBIT was 10 percent below the previous year's level, finishing the quarter at 378 million euros. Excluding the negative effect on earnings of 146 million euros related to the insolvency of Arcandor AG - not reported as a non-recurring item - the underlying EBIT increased by approximately 25 percent in the third quarter year on year.