An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Deutsche Post DHL Group reported a significant increase in EBIT, rising 15% to approximately EUR 2.040 billion for Q3 2022, compared to EUR 1.771 billion in Q3 2021. Total EBIT for the first nine months reached around EUR 6.5 billion, up from EUR 5.765 billion year-on-year. The company plans to revise its 2022 EBIT guidance upwards on November 8. Positive e-commerce shipment volumes contributed to this growth, despite a decrease in B2B demand. Free cash flow also improved, exceeding EUR 1.5 billion.
Positive
Q3 2022 EBIT increased by 15% to EUR 2.040 billion.
Total EBIT for the first nine months reached EUR 6.5 billion.
E-commerce driven shipment volumes are improving.
Free cash flow rose to more than EUR 1.5 billion.
Negative
B2B transport volumes showed softer demand.
EBIT in eCommerce Solutions slightly decreased from EUR 91 million to EUR 85 million.
EBIT in Post & Parcel Germany declined from EUR 300 million to EUR 285 million.
Group EBIT rose by 15% to around EUR 2.040 billion in third quarter 2022
2022 EBIT guidance will be increased on November, 8
CEO Frank Appel: “The breadth of our well diversified logistics services provides us with resilience to successfully cope with a fast changing economic environment.”
BONN, Germany--(BUSINESS WIRE)--
Deutsche Post DHL Group, the world’s leading logistics company, has today released preliminary results for the third quarter of 2022. The Group’s EBIT reached around EUR 2.040 billion in the third quarter 2022 (Q3 2021: EUR 1.771 billion). Thus, Group EBIT for the first nine months of this year reached around EUR 6.5 billion (9M 2021: EUR 5.765 billion). Therefore, 2022 EBIT guidance (currently: EUR 8.0 billion +/-5%) will be revised upwards with the formal release of full third quarter 2022 earnings on November 8, 2022.
E-commerce driven shipment volumes coming closer to strongly elevated levels delivered last year
The Group has recorded a good business development in the third quarter of this year. As expected, year-on-year comparison of e-commerce driven B2C shipment volumes improved in the third quarter of 2022, after volumes recorded a more pronounced decline in the first half of 2022. Against the backdrop of overall macroeconomic uncertainties, transport volumes in the B2B business reflected a softer demand. Consequently, the capacity situation in Ocean and Air Freight markets has eased. Overall network activities in all DHL divisions maintained good utilization levels leading to an improved EBIT.
Express: EBIT in the Express division reached around EUR 1,010 million in the third quarter of 2022 compared to previous year's quarter of EUR 971 million.
Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 585 million in the third quarter of 2022, once more clearly ahead of previous year's quarter of EUR 372 million.
Supply Chain: EBIT at Supply Chain came in at around EUR 220 million in Q3 2022, also well above last year's quarter result which stood at EUR 142 million.
eCommerce Solutions: eCommerce Solutions recorded EBIT of around EUR 85 million in the third quarter 2022 (Q3 2021: EUR 91 million).
Post & Parcel Germany: EBIT in Post & Parcel Germany in the third quarter 2022 was around EUR 285 million (Q3 2021: EUR 300 million).
The continued positive earnings development was successfully converted into a growing free cash flow. Free cash flow in the third quarter 2022 amounted to more than EUR 1.5 billion (Q3 2021: EUR 1.257 billion).
The comprehensive disclosure for third quarter 2022 will be published as planned on November 8, 2022.
– End –
Deutsche Post DHL Group is the world’s leading logistic company. The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees and investors worldwide. To this end, Deutsche Post DHL Group is focusing on growth in its profitable core logistics businesses and accelerating the digital transformation in all business divisions. The Group contributes to the world through sustainable business practices, corporate citizenship and environmental activities. By the year 2050, Deutsche Post DHL Group aims to achieve net-zero emissions logistics.
Deutsche Post DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel and international express service, freight transport, and supply chain management services, as well as e-commerce logistics solutions. Deutsche Post is Europe’s leading postal and parcel service provider. Deutsche Post DHL Group employs approximately 590,000 people in over 220 countries and territories worldwide. The Group generated revenues of more than 81 billion Euros in 2021.
