Deutsche Post DHL Boosts Earnings in 3Q
OREANDA-NEWS. November 19, 2013. Despite a slight decline in revenues, Deutsche Post DHL boosted its earnings once again in the third quarter of 2013. Revenues produced by the world's leading mail and logistics group fell by 2.5 percent to EUR 13.5 billion as a result of negative exchange-rate and other inorganic effects.
Adjusted for these factors, third-quarter revenues improved 3.4 percent compared to last year's period. The driving forces of this growth were higher volumes and revenues in the parcel business in Germany. In addition, the underlying sales increase reflects strong growth in the international express business and the significant increase in revenues generated by the SUPPLY CHAIN division, improvements that are the result of DHL's exceptional market position in the world's growth markets - particularly in Asia.
The Group's operating earnings increased by 7 percent to EUR 646 million in the third quarter of the current year. Likewise, consolidated net profit climbed by nearly 6 percent to EUR 399 million in the period between July and September 2013 compared with the previous year's level.
"With our successful performance in the still volatile environment, we have demonstrated the fundamental strength of our business model once again and are reaping the fruits of the investments we have made in the past," said Frank Appel, the CEO of Deutsche Post DHL. "We have a highly qualified, dedicated workforce, an excellent market position in global growth markets and a unique global network. We will not rest in our efforts to further expand this outstanding competitive position and to bolster the earnings power of the Group and its divisions over the long term."
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