News / DP-DHL has 'another good year', despite tighter margins in air and ocean

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Deutsche Post DHL hit its earnings target for 2017, in “another very good financial year”, despite challenging first-half margins in air and ocean.

Group operating profit rose 7.2% to €3.74bn ($4.64bn), of which 40% was accounted for by the Post ? eCommerce ? Parcel (PeP) division.

Group revenue rose 5.4% to €60.4bn, while PeP was up 6.4%, to €18.2bn. Global Forwarding revenues rose 5.4% to €14.5bn, while EBIT rose 3.5% to €297m.

DP DHL noted that “margins in air and ocean freight came under ...