Deutsche Post DHL Group reports Q3 revenue up 4%

Deutsche Post DHL Group reported third quarter for 2020 at €16.2 billion, an increase of 4.4 percent compared to the same period 2019.

Organic revenue for the Group- after adjusting for portfolio and currency effects – was up by 9.0 percent. With its broad range of logistics services, Deutsche Post DHL Group has benefitted from the surge in global e-commerce activities. 

The Group’s post and parcel Germany and DHL ecommerce solutions divisions reported especially pronounced growth in shipment volumes. Volumes also surged in the time-definite international Express business across all regions, which allowed the Group to utilize its network very well.

Deutsche Post DHL Group increased operating profit (EBIT) by approximately 50 percent compared with the prior year to € 1.4 billion. With this, the Group confirmed its preliminary figures issued in October. The EBIT margin rose from 6.1 percent to 8.5 percent. The free cash flow increased by more than €750 million to around €1.3 billion compared with the prior year.

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