While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5 percent in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2 percent, y-o-y, to €747 million. The Group’s revenue increased 1.4 percent, y-o-y, to €15.03 billion, and net profit declined 14.3 percent to €516 million.
For more detailed analysis on DHL’s ongoing woes, please see the story by Caryn Livingston, deputy editor of our sister publication, Cargo Facts:
https://cargofacts.com/dp-dhl-2q-results-point-to-ongoing-post-parcel-pains/
