Deutsche Post DHL Group (DP DHL Group) continued to post profitable growth during the past financial year. Group revenue was up 2.9 percent year on year to €63.3bn.
Frank Appel, chief executive officer, DP DHL Group, commented: “We have reached record earnings in 2019 despite the challenging macroeconomic environment. All divisions continued to grow, and we took a big step forward with regards to our profitability.”
The Group had seen a very good start into 2020 in January and was prepared for the usual effects around Chinese New Year in February when the measures of the Chinese government were introduced.
Since then the business development in Post & Parcel Germany as well as in DHL Supply Chain and DHL eCommerce Solutions has only been marginally impacted by the coronavirus outbreak.
In contrast, the Group currently sees more significant effects for the DHL Express and DHL Global Forwarding divisions, where the business is particularly affected with regards to cross-border trade flows into and out of China.
Group-wide the negative impacts of the Corona crisis on Group EBIT amount to around € 60-70 million for the month of February, compared to the initial internal planning.
Frank Appel added: “Deutsche Post DHL Group had a very good year 2019 and a successful start to 2020 in January. Thanks to our broad geographic set-up and our comprehensive portfolio we are more resilient than other companies. However, a worldwide crisis like the coronavirus does not leave us unaffected. It is currently hard to judge how strong the impact on our business will be. That is why our guidance is as of now excluding any impact of this,”