News / Financial battering for DHL GF in Q3 – 'but we expected that'

DHL Global Forwarding took a financial battering in the three months to September, with ebit and revenues down more than 40% against 2022’s performance.

During an earnings call this morning, the executive team said the performance had not been unexpected, with chief financial officer Melanie Kreis noting how dependent forwarding was on macro-economic trends.

“We have seen a quarter of relatively low volumes; these then combined with expected normalisation of rates, which led to the results we have – it was not ...