News / Express the star performer in Q1 for DP-DHL, but forwarding and supply chain profits dip

Deutsche Post-DHL today announced  it had increased group revenue by around €1bn in the first quarter of the year.

But its freight forwarding and supply chain divisions saw pre-tax profits decrease by over 20%.

DP-DHL group Q1 revenue rose by 7.3%, year-on-year, to €14.9bn, from €13.4bn, while its earnings before interest and tax (EBIT) grew by 1.4% to reach €885m, compared with €873m last year.

However, this EBIT growth was driven by the group’s post, e-commerce, parcel (PeP) and express divisions. Forwarding and contract logistics appeared to ...