DHL Group has increased both revenue and operating profit in the first quarter of 2019 compared with the prior-year period.
The company generated revenue of EUR 15.4 billion between January and March, an increase of 4.1 per cent on the previous year.
Operating profit (EBIT) was up 28.1 per cent to EUR 1.2 billion. In particular, the earnings contributions from the DHL divisions were again encouraging – while the surge in earnings was driven by non-recurring income from completing the Supply Chain partnership with S.F. Holding in China initiated at the end of 2018. Previously announced restructuring costs at Supply Chain and in the new eCommerce Solutions division slowed EBIT growth.
“The first quarter played out as we expected. We achieved growth in all five divisions. This shows that we are very well positioned in attractive markets and that our fundamental growth drivers are intact. E-commerce continues to boom all over the world and although some momentum has been lost, global trade is still on the rise, just as we expected for 2019. We are therefore on track towards our target of generating more than EUR 5 billion in EBIT in the coming year,” Frank Appel, CEO of Deutsche Post DHL Group said.