During the second quarter of 2011, Deutsche Post DHL continued the strong performance it showed in the first three months of the year and remained firmly on its growth path. Group revenues climbed 0.3 percent to EUR 12.8 billion from April to June 2011 compared with the same period last year.
Adjusted for inorganic and exchange-rate effects, Group revenues rose by 5.8 percent, driven by the strong growth at DHL and the German parcel business. The DHL divisions continued to benefit from the ongoing global economic growth as well as its exceptional market position in the world’s fast growing regions – particularly in Asia. The Group’s parcel operations in Germany drew further strength from the dynamic Internet retailing business.
Thanks to continuing margin improvements in all DHL divisions, the Group markedly increased its operating earnings once again: At EUR 562 million, EBIT in the second quarter of 2011 was more than doubled compared with the same period last year. The improvement in consolidated net profit was even stronger. At EUR 278 million, it more than tripled.
“We are continuing to grow and have kept the positive momentum of the last quarters,” said Frank Appel, CEO of Deutsche Post DHL. “The second quarter once more proves the quality and sustainable nature of the efficiency gains we have achieved over recent years.”
Source : Postal Technology International
