Strong position in E-commerce fuels a successful third quarter for Deutsche Post DHL Group
In an economic climate dominated by COVID-19, the Group grew its revenue by 4.4% to EUR 16.2 billion.
- Continued growth trajectory: Group revenue increases by 4.4% to EUR 16.2 billion; organic revenue growth even stronger at 9.0%
- Operating profit (EBIT) climbs nearly 50% to EUR 1.4 billion; Group's preliminary figures and raised 2020 EBIT guidance confirmed, free cash flow expectation further increased
- Particularly dynamic development in Parcel, Express and eCommerce Solutions business
- CEO Frank Appel: "We had a successful third quarter thanks to our 550,000 employees and to our outstanding portfolio of e-commerce logistics solutions benefitting both small and large customers globally."
Bonn - Deutsche Post DHL Group saw strong growth in the third quarter of 2020. In an economic climate dominated by COVID-19, the Group grew its revenue by 4.4% to EUR 16.2 billion. Organic revenue - after adjusting for portfolio and currency effects - was up by even 9.0%. With its broad range of logistics services, Deutsche Post DHL Group has benefitted from the surge in global e-commerce activities. The Group's Post & Parcel Germany and DHL eCommerce Solutions divisions reported especially pronounced growth in shipment volumes. Volumes also surged in the time-definite international Express business across all regions, which allowed the Group to utilize its network very well. Deutsche Post DHL Group increased operating profit (EBIT) by approximately 50% compared with the prior year to EUR 1.4 billion. With this, the Group confirmed its preliminary figures issued in October. The EBIT margin rose from 6.1% to 8.5%. The free cash flow increased by more than EUR 750 million to around EUR 1.3 billion compared with the prior year.