In a statement that was released this week, Deutsche Post DHL Group announced that it had increased its revenue for the second quarter (Q2) by 4.4% to 4.4% to €14.8bn with operating profit going up by nearly 12% to €841m. Frank Appel, CEO of Deutsche Post DHL Group said that he was very satisfied with the results.
“We are very satisfied with both the second quarter and the entire first half of the year. Our company is growing in all areas and steadily increasing earnings.
“Our good results so far this year demonstrate that we are right on track to achieve our EBIT targets for full-year 2017. We also remain optimistic about the coming years. All of our divisions, thanks to their focus on fast-growing markets such as global e-commerce, are optimally positioned for long-term growth.”
The company has put their 4.8% revenue growth in the Parcel (PeP) division down to the growth in the ecommerce market. The division’s parcel business unit saw revenue increase by nearly 14% to €2.0bn, with Parcel Europe (+61.5%) and eCommerce (+15.1%) being the main drivers behind this growth. In a statement accompanying the results, Deutsche Post DHL said:
“A key positive factor behind the strong increase in revenue at Parcel Europe was the inclusion of the UK Mail business in the unit’s consolidated results after successful completion of the British company’s acquisition in December. UK Mail generated revenue of €127 million in the second quarter. Organically, revenue at Parcel Europe increased by 21.2%.”
About Deutsche Post DHL
Deutsche Post DHL are the world’s leading logistics and mail group and operate under two brands, Deutsche Post and DHL. Deutsche Post is built on the unique infrastructure and Germany and strives to deliver consistent high quality in the mail business as well as innovation in the area of dialog marketing. The DHL brand is a leader in international express logistics and main operations as well as offering proactive solutions and local strength to customers. Deutsche Post DHL Group employs approximately 510,000 employees in over 220 countries and territories worldwide.
Future priorities for the company will be maintaining its high quality service as well as introducing new products for electronic communications. This will be driven by the “DHL Customer Solutions & Innovation” business unit who are tasked with the development of innovative ideas and turning them into marketable solutions.