Deutsche Post DHL is looking to its DHL business to drive growth for the group in the future – reflecting a switch in emphasis from its domestic mail business to logistics and express parcels.
At its annual meeting, the group forecast a rise in underlying earnings before interest and tax from 1.47 billion euros in 2009 to between 1.6 and 1.9 bn euros this year.
And it is looking for the earnings contribution of the DHL divisions is to be roughly the same as that of the Mail division for the first time.
Chief executive Frank Appel said: “In the future, we are counting on DHL to be the driving force of growth in the consolidated net profit.”
Last year, the group’s underlying EBIT totalled 1.47 bn euros, exceeding the guidance that was raised during the year. The consolidated net profit reached 644 million euros, compared with the loss of 1.7 bn euros experienced in 2008.
During the current year, said Appel, Deutsche Post DHL would make “the lives of our customers easier by offering innovative products, increased service quality and the continuous development of specific solutions.”
By doing so the company would be able to generate growth and sustainably improve the Group’s profitability. For 2011, Appel expects to see a continuation of the positive earnings trend.
Deutsche Post DHL will release details about its first-quarter volume and business performance with its interim report on 11th May 11.