Strong profits rise at Deutsche Post DHL

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EBIT was up 9.9 per cent to 691m euros at Deutsche Post DHL in the first quarter on sales up 4.3 per cent to 13.4bn euros.

CEO Frank Appel said: “The efficiency improvements we have achieved in recent years and our unmatched position in the world’s growth markets have prepared us well for continuing on our profitable growth path. Building on this base, we will systematically keep on implementing Strategy 2015 to unlock the proup’s full potential.”

In the supply chain division, EBIT rose by 16.7 per cent to 91m euros on sales up 3.4 per cent to 3.4bn euros. there was strong growth in the Asia-Pacific region and in the ‘Life Sciences & Healthcare’ and ‘Automotive’ sectors.

Sales in the express divison climbed by nearly ten per cent to more than 3bn euros while EBIT was 7.9 per cent higher at 231m euros.  Revenues and volumes grew especially strongly in Asia and the Americas. The Group will invest nearly $50 million over the next 12 months to expand its hub in Cincinnati.

EBIT in the global forwarding and freight division was 22.5 per cent up at 87m euros. The group said the division profited in particular at the beginning of the year from improved purchasing conditions, increased efficiency and its selective market strategy. This led to considerable gross margin improvements in all categories. Sales were up marginally to 3.7bn euros.

In the mail division, volume and revenues in the traditional mail business declined slightly, but the parcel business kept up a strong performance from flourishing online shopping. EBIT was up slightly on last year a 393m euros.

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