Thanks to good freight business, Deutsche Post DHL has made a lot of money. The group benefits from fragile supply chains.
Group sales increased by 20 percent to around 24 billion euros in the third quarter compared to the same period last year, according to the online portal Aero. Revenues in the freight division even soared by 38 percent, other divisions were also doing well. Company boss Frank Appel spoke of a very good quarter, the group profit rose by 13 percent to 1,2 billion euros. The fact that the businesses were less profitable overall was partly due to unfavorable currency effects.
In response to the positive business and earnings development in the DHL divisions, the Group has raised its earnings forecast for the current financial year to around EUR 8,4 billion.
The core business of the postal service – domestic letter and parcel shipping, on the other hand, weakened again. Sales stagnated at 3,9 billion euros and the operating result (EBIT) fell by 3 percent. If you deduct the additional costs for a special corona bonus paid to the workforce in the same quarter of the previous year, the minus is even 18 percent.
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