In the third-quarter report released yesterday by Deutsche Post-DHL (DP-DHL), the group presented significant rises in its operating profits, or earnings before interested and taxes (EBIT), for its Express, Global Forwarding and Freight, and Supply Chain segments. However, lackluster numbers from Post-eCommerce-Parcel (PeP) division were enough to dampen the overall tone of the announcement.
DP-DHL’s overall EBIT for Q3 fell by 54.9 percent, compared to Q3 2017, to €376 million. Meanwhile, the group’s total revenue increased by 1.4 percent, year-over-year, to €14.85 billion, while net profit declined by 77.2 percent, y-o-y, to €146 million. PeP challenges due to higher costs and capital expenditures were also blamed for poor performance in the first and second quarter, but the group did note that it saw a strong turnaround in EBIT for its Supply Chain division in Q3, with a 3.4 percent, y-o-y, increase to €148 million.
For many more division-by-division details on the Q3 results, please see the analysis by associate editor Chelsea Toczauer in our sister publication, Cargo Facts, below: