DHL Group stands firm in a weak market environment and raises lower end of its Group EBIT guidance
Group revenue of EUR 20.1 billion in the second quarter; operating profit at EUR 1.7 billion; free cash flow at EUR 450 million.
- Group revenue of EUR 20.1 billion in the second quarter; operating profit at EUR 1.7 billion; free cash flow at EUR 450 million
- Group EBIT guidance for 2023 raised to EUR 6.2 to 7.0 billion (from EUR 6.0 to 7.0 billion); outlook for 2025 confirmed
- Capital expenditure in international business at a sustained high level
- CEO Tobias Meyer: "Thanks to our balanced portfolio and global presence, we were once again able to demonstrate our resilience. This is reflected in the still high earnings level."
Bonn - DHL Group once again demonstrated its resilience in a less dynamic market environment in the second quarter of 2023. The Group achieved revenue of EUR 20.1 billion (Q2 2022: EUR 24.0 billion). Operating profit (EBIT) was level with the first quarter at EUR 1.7 billion. As expected, the second quarter, which continued to be characterized by lower volumes and declining freight rates, did not match the record earnings of the previous year (Q2 2022: EUR 2.3 billion). Despite the persistently weaker market dynamics, DHL Group achieved an attractive EBIT margin of 8.4 percent (Q2 2022: 9.7 percent). The Group raises the lower end of its 2023 EBIT guidance and confirms its earnings forecasts for 2025.