DHL Group reports strong Q1 results
Deutsche Post DHL Group annoucned results for the first quarter of 2021 and has raised its outlook for the current financial year. Preliminary operating profit (EBIT) for the first three months improved to around € 1.9 billion (Q1 2020: €592 million).
The positive development of the group’s businesses seen in the fourth quarter 2020 has continued well through the first quarter 2021. In the first three months of the year the B2C shipment volumes remained high in all networks while the recovery in the B2B business continued.
“The start to the new financial year was more dynamic than ever. It proves that we have successfully geared our business to the right growth drivers. One year into the pandemic we experienced in the first quarter 2021 a sustained momentum in e-commerce and a significant stabilization in global trade with increasing air- and sea-freight volumes. Consequently all divisions reported a significant jump in earnings above market expectations. Global trade continues to recover and vaccine distribution is in full swing which makes me very optimistic for the rest of 2021 and beyond,” said Frank Appel, CEO of Deutsche Post DHL Group.
The post DHL Group reports strong Q1 results appeared first on Global Cargo Insight.