DP DHL Group posts strong earnings in Q2 2020

Deutsche Post DHL Group (DP DHL Group) significantly increased earnings in Q2 2020 despite Covid-19.  Operating profit (EBIT) improved by around 16% to around EUR 890 million.

Adjusted for one-off effects in the previous year and in the current year, operating profit came in around 25% above the prior-year figure.

Frank Appel, chief executive DP DHL Group, commented: “We have navigated our company through this crisis very well so far. We owe this to our committed colleagues worldwide. Only through the tireless efforts of our teams have we managed to keep supply chains up and running and thus maintained the worldwide supply.

“Our fundamental strength and resilience as a Group has paid off in recent months: With our broad portfolio of leading logistics services, we have the right business model to form the backbone of global trade.”

As an appreciation for their efforts during the last months under the Covid-19-pandemic the Group has decided to grant a special one-time bonus of EUR 300 to employees worldwide.

This one-time bonus payment will be carried out in the coming months and is aimed at colleagues in all divisions and in all countries. Excluded are Executives. In total, the Group will grant one-time bonus payments of around EUR 200 million, which will be booked in the third quarter 2020.

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