Deutsche Post DHL Group: Resilient Portfolio Enables Strong Quarterly Results Despite Global Economic Uncertainty
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Group faces strong demand as a reliable logistics partner; Group revenue rises to
EUR 24.0 billion in second quarter 2022 -
Group EBIT improves to
EUR 2.3 billion in Q2 2022; Group EBIT ofEUR 4.5 billion in H1 2022 - Outlook confirmed: 2022 EBIT guidance also achievable in the event of a global economic slowdown
-
CEO
Frank Appel : “Thanks to the outstanding efforts of our employees we provide our customers with reliable logistics solutions also in volatile times.”
"Thanks to the outstanding efforts of our employees we provide our customers with reliable logistics solutions also in volatile times. This strength is reflected in the excellent earnings performance and will continue to pay off in the future," said
EBIT guidance confirmed – also in the event of a global economic slowdown
The Group confirms its 2022 EBIT guidance of
- If global GDP growth slows in the second half of the year, the Group expects EBIT in the upper half of its guidance (between
- Even assuming a sharp slowdown of the global economy in the second half of 2022, the Group expects EBIT in the lower half of its guidance (between
- With unchanged business momentum, the Group even considers an EBIT of more than
The Group also confirms its mid-term EBIT guidance of around
Resilient portfolio pays off – growth drivers remain intact
The Group’s well-balanced portfolio unfolded once again its strength in the second quarter 2022. The double-digit growth seen in revenue and EBIT was again driven by the B2B business of the DHL divisions Global Forwarding, Freight, Supply Chain and Express. Global Forwarding, Freight achieved an exceptionally large jump in revenue and EBIT based on a dynamic price and margin development in the air and ocean freight business. Supply Chain was able to increase revenue and EBIT due to elevated warehousing activities. Significant revenue growth was also achieved by Express with temporary lockdowns in
At the same time, the e-commerce driven B2C business of the divisions Express, eCommerce Solutions and Post & Parcel Germany normalized at a structurally higher level. As expected, EBIT of eCommerce Solutions and Post & Parcel Germany came in below the very strong level of the previous year.
Overall, net profit after non-controlling interests increased to
Group continues to plan for further growth with record investments
The sustained positive earnings momentum has further strengthened the Group’s financial power. At
The company confirms its short- and mid-term outlook for the development of free cash flow and capex. Excluding acquisitions and divestments, the Group continues to expect free cash flow of
"We have significantly improved our financial strength through a strong operating performance in recent quarters. Greater financial flexibility prepares us for any scenario. Thanks to our strong balance sheet, we can proceed as planned with our targeted investments of around
Express: EBIT again above
The Express division increased its revenue by 17.5 percent to
Global Forwarding, Freight: EBIT more than doubled
After an exceptionally good start to the year, Global Forwarding, Freight once again achieved an outstanding quarterly result. EBIT more than doubled year on year to EUR 746 million (Q2 2021:
Supply Chain: Strong growth in nearly all world regions and industries
After its strong start into the year, Supply Chain recorded double-digit growth rates also in the second quarter 2022. Revenue climbed 22.7 percent to
eCommerce Solutions: Revenue and EBIT on sustained strong levels
The normalization of parcel volumes continued in the second quarter, as expected. Revenue increased in all regions and came in 5.4 percent higher than the previous year at
Nevertheless, eCommerce Solutions succeeded in maintaining EBIT at
Post & Parcel Germany: Expected earnings development
Post & Parcel Germany confirmed the expected development in the second quarter. EBIT was down year on year at
Note to editors: An interview with CFO
THE logistics company for the world.
Group financial highlights for the second quarter
2nd quarter |
2nd quarter |
Change |
|
in €m |
2021 |
2022 |
in % |
Revenue |
19,473 |
24,029 |
23.4 |
– of which international |
14,318 |
18,777 |
31.1 |
Profit from operating activities (EBIT) |
2,083 |
2,337 |
12.2 |
Consolidated net profit1) |
1,292 |
1,461 |
13.1 |
Basic earnings per share (in €) |
1.05 |
1.20 |
14.3 |
Diluted earnings per share (in €) |
1.02 |
1.17 |
14.7 |
Divisional revenue in the second quarter
2nd quarter |
2nd quarter |
Change |
|
in €m |
2021 |
2022 |
in % |
Express |
5,952 |
6,993 |
17.5 |
Global Forwarding, Freight |
5,235 |
8,156 |
55.8 |
Supply Chain |
3,315 |
4,069 |
22.7 |
eCommerce Solutions |
1,434 |
1,512 |
5.4 |
Post & Parcel Germany |
4,164 |
3,963 |
-4.8 |
Group Functions/Consolidation |
-627 |
-664 |
-5.9 |
Group |
19,473 |
24,029 |
23.4 |
Divisional EBIT in the second quarter
2nd quarter |
2nd quarter |
Change |
|
in €m |
2021 |
2022 |
in % |
DHL |
1,803 |
2,199 |
22.0 |
- Express |
1,177 |
1,101 |
-6.5 |
- Global Forwarding, Freight |
312 |
746 |
>100 |
- Supply Chain |
198 |
244 |
23.2 |
- eCommerce Solutions |
116 |
109 |
-6.0 |
Post & Parcel Germany |
315 |
242 |
-23.2 |
Group Functions/Consolidation |
-35 |
-105 |
<-100 |
Group |
2,083 |
2,337 |
12.2 |
1) After non-controlling interests
Group financial highlights for the first half of the year
|
|
Change |
|
in €m |
H1 2021 |
H1 2022 |
in % |
Revenue |
38,333 |
46,622 |
21.6 |
– of which international |
27,706 |
35,900 |
29.6 |
Profit from operating activities (EBIT) |
3,994 |
4,496 |
12.6 |
Consolidated net profit1) |
2,482 |
2,812 |
13.3 |
Basic earnings per share (in €) |
2.01 |
2.30 |
14.4 |
Diluted earnings per share (in €) |
1.96 |
2.25 |
14.8 |
Divisional revenue in the first half of the year
|
|
Change |
|
in €m |
H1 2021 |
H1 2022 |
in % |
Express |
11,451 |
13,366 |
16.7 |
Global Forwarding, Freight |
9,987 |
15,515 |
55.4 |
Supply Chain |
6,556 |
7,884 |
20.3 |
eCommerce Solutions |
2,888 |
2,957 |
2.4 |
Post & Parcel Germany |
8,719 |
8,208 |
-5.9 |
Group Functions/Consolidation |
-1,268 |
-1,308 |
-3.2 |
Group |
38,333 |
46,622 |
21.6 |
Divisional EBIT in the first half of the year
|
|
Change |
|
in €m |
H1 2021 |
H1 2022 |
in % |
DHL |
3,264 |
4,078 |
24.9 |
- Express |
2,138 |
2,072 |
-3.1 |
- Global Forwarding, Freight |
528 |
1,347 |
>100 |
- Supply Chain |
365 |
449 |
23.0 |
- eCommerce Solutions |
233 |
211 |
-9.4 |
Post & Parcel Germany |
871 |
597 |
-31.5 |
Group Functions/Consolidation |
-141 |
-180 |
-27.7 |
Group |
3,994 |
4,496 |
12.6 |
1) After non-controlling interests
View source version on businesswire.com: https://www.businesswire.com/news/home/20220804006115/en/
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