DHL Global Forwarding misses profit expectations, despite strong Q4
DHL Global Forwarding this week revealed that last year’s performance by the division had been ...
© DB Schenker
By Alex Lennane
DB Schenker has again propped up parent Deutsche Bahn’s poor half-year results, despite falling rates.
Sales at DB Schenker fell 6.6%, to €9.4bn ($10.2bn), Ebitda fell 10.2%, to €908m, while Ebit fell nearly 17%. to €520m. Schenker accounted for 42% of DB’s total sales.
DB said the process of selling Schenker was continuing, but added: “A sale only takes place if it is economically advantageous for the DB group.”
Only two bidders now remain, after Saudi shipping company Bahri pulled out, leaving just ...
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