News / DHL lowers profit expectations after weaker-than-expected Q3

DHL CEO Tobias Meyer

DHL singled out its Global Forwarding division for a weaker-than-expected third quarter, and confirmed it was lowering its profit forecast for the year.

Despite growing group revenues, up 6.2% year on year over the three month period to October, at €20.6bn $22.4bn), DHL was only able to translate this into a barely noticeable 0.1% uptick in profits, to €1.37bn, failing to eat into the 14.2% year-to-date decline in EBIT of €4bn.

Chief financial officer Melanie Kreis ...