Contract logistics the star performer for DHL, but weak rates take a toll
German logistics giant DHL saw group operating profit (Ebit) in the first quarter decline by ...
(CORRECTION: As wrongly stated by Premium in the original copy of today’s “On the wires: Deutsche Post DHL – opportunity and curse”, the DHL GFF numbers did not include the contribution of Hillebrand, but DP DHL consolidated the target on the balance sheet at group level under “intangibles” and others, while reported financial liabilities “increased, mainly as a result of the assumption of financial liabilities from the Hillebrand acquisition” as well as higher lease liabilities. The post below reflects these changes. Apologies.)
Down a mighty 34% ...
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