News / DP-DHL prepares to do battle for market share as outlook dips

Frankfurt-270515 Hauptversammlung Deutsche Post DHL, Frankfurt am Main, Jahrhunderthalle Deutsche Post DHL/Bernd Georg

Deutsche Post-DHL chief executive Frank Appel has issued a thinly veiled warning to competitors that it will be looking to use a predicted downturn in trading volumes to win market share.

Speaking at the company’s third-quarter results in Bonn today, which saw third-quarter group revenue hit €24bn and EBIT reach €2bn, Mr Appel was repeatedly asked about the outlook for volumes over the next few quarters.

“Crises are moments where strong players take advantage, and we’ll be stronger than competitors going forward,” ...