As the first quarter of 2018 wraps up, Deutsche Post-DHL Group reported mixed results over the three-month period, reporting a net-profit drop of 6.2 percent, year-over-year, but an increase in operating profit (EBIT) by 2.3 percent to €905 million. DP-DHL also reported trouble in both the Supply Chain and Post-eCommerce-Parcel (PeP) divisions, but also noted that Global Forwarding and Freight posted better margins in airfreight, which contributed to a 75 percent y-o-y improvement in EBIT to €70 million.
CEO Frank Appel noted that DP-DHL has “a lot of work ahead of us during the remainder of the year,” but remained optimistic that global e-commerce growth will bring more positive results in the next quarter.
To view more details from DHL’s results, please see Caryn Livingston’s analysis in our sister publication, Cargo Facts:
https://cargofacts.com/dp-dhl-1q-growth-challenged-by-supply-chain-post-weakness/
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