News / 'Normalisation' brings slump in volumes, revenue and profits for DHL

Continuing demand weakness hammered German logistics giant DHL’s Q2 revenues, with its forwarding division bearing the brunt of the bad news.

Group revenue dropped 16%, to €20.1bn ($22.07bn), for the three months to June, some €1.5bn short of analysts’ expectations, leading to a 27% drop in operating profit, to €1.69bn, with CFO Melanie Kreis blaming post-pandemic effects.

On an investor call, she said: “We all knew that normalisation would come after an unusual year in 2022; ...