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DHL 2020 sees profit up 17pc to US$5.8 billion as revenue rises 5pc

GERMANY's express delivery giant DHL declared its preliminary operating profit estimate for 2020 has increased 17 per cent year on year to EUR4

18 January 2021 - 19:00
GERMANY's express delivery giant DHL declared its preliminary operating profit estimate for 2020 has increased 17 per cent year on year to EUR4.8 billion (US$5.8 billion) drawn on revenues of EUR66.8 billion, up five per cent.

'The past financial year was a complete success, ??said CFO Melanie Kreis. 'We were able to accomplish all planned investments in future growth and at the same time increased our profitability.'



Said CEO Frank Appel: 'Thanks to the incredible performance of our 550,000 employees we not only achieved a record result, but also made a positive contribution to people and societies.'



DHL expects operating profit to grow in 2021 to EUR5.4 billion. Furthermore group EBIT for 2022 is expected to be above 2021. The company will provide detailed annual results on March 9.



Capital expenditure is now expected to be EUR9.5 billion. This includes eight new 777 cargo aircraft, thus investing EUR100 million than forecast.



Post & Parcel Germany: Full year revenue of EUR16.5 billion, up seven per cent year on year (Q4: EUR4.8 billion, up 12 per cent year on year). Full year EBIT of EUR1.590 billion, up 29 per cent year on year (Q4: EUR670 million, up 28 per cent year on year). Parcel volume growth accelerated through the quarter bringing Q4 total volumes ahead 23 per cent year on year to record levels. The decline rate for mail volumes stabilised at -7 per cent.



Express: Full year revenue of EUR19.1 billion, up 12 per cent year on year (Q4: EUR5.6 billion, up 20 per cent year on year). Full year EBIT of EUR2.750 billion, up 35 per cent year on year (Q4: EUR1.040 billion, up 70 per cent year on year). Core TDI volumes in Q4 increased in all regions and overall grew by 17 per cent, bringing the full year growth rate to nine per cent. Main driver continued to be B2C volumes but Q4 also saw some further recovery in B2B volumes.



Global Forwarding, Freight: Full year revenue of EUR15.9 billion, up five per cent year on year (Q4: EUR4.4 billion, up +14 per cent year on year). Full year EBIT of EUR590 million, up 13 per cent year on year (Q4: EUR170 million, down two per cent year on year).



Supply Chain: Full year revenue of EUR12.5 billion, down seven per cent year on year (Q4: EUR3.5 billion, down three per cent year on year). Full year EBIT of EUR430 million, down by 53 per cent year on year (Q4: EUR175 million, down 1 per cent year on year).



eCommerce Solutions: Full year revenue of EUR4.8 billion, up 19 per cent year on year (Q4: EUR1.5 billion, up 33 per cent year on year). Full year EBIT of EUR160 million, versus last year's loss (Q4: EUR80 million, versus last year's loss).


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