DP DHL Group grows revenue and earnings in Q1
Deutsche Post DHL Group increased both revenue and operating profit in Q1/2019. The company generated revenue of EUR 15.4 billion between January and March, 4.1% more than in Q1/2018.
Operating profit (ebit) shot up by 28.1% to EUR 1.2 billion. In particular, earnings from the DHL divisions were again encouraging – the surge was driven by non-recurring income from completing the supply chain partnership with China-based S.F. Holding initiated at the end of 2018.
Previously announced restructuring costs at Supply Chain and in the new e-commerce solutions division slowed ebit growth. The company is maintaining its projection of an increase in operating profit to between EUR 3.9 and 4.3 billion in 2019. (mw)