Deutsche Post DHL Group reports a significantly higher profit of 1.2 billion euros for the first quarter. Sales rose 26 percent to 18.9 billion euros. The cause is clear: the pandemic means that more are being bought and delivered online.
Operating profit even tripled to 1.9 billion euros, setting a record. There were, however, substantial investments. Half a billion euros was pumped into almost all divisions (pdf).
The Express division recorded EBIT of EUR 961 million and sales of EUR 5.5 billion.
The e-commerce division performed particularly well in the Netherlands and the US. The home market also performed well with an EBIT of 556 million euros.
For the whole of 2021, the group expects a trading result of 6.7 billion, rising to 7 billion in 2023.
Source: Nieuws – Emerce by www.emerce.nl.
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