News / DP-DHL 2019 operating profit up 30%: 'a remarkable performance', says Appel

DP-DHL has confirmed its 2019 earnings, which hit €63.6bn ($72.4bn), with operating profit up 30% to €4.1bn.

Global Forwarding, Freight, saw a 1% increase in revenue to €15.1bn, with operating profit up nearly 18% to €521m.

“With an ebit plus of 18%, the division demonstrated a remarkable performance,” said CEO Frank Appel, “despite the fact that the global air freight market actually weakened substantially in the second half of the year due to a weaker global economy.

“We were able to hold our ...