News / Global Forwarding is star turn, as DP-DHL announces Q1 results

Deutsche Post-DHL has kicked off the year in strong fashion with growing profits despite two divisions struggling.

The group’s Supply Chain business recorded dramatic double-digit drops in earnings and profitability, with the latter plummeting 44.4% compared with 2017.

Chief executive Frank Appel said there had been a “good start” to the year, but noted there was still work ahead for the company.

“Global e-commerce continues to boom, meaning that the most important growth driver for our businesses is still intact,” said Mr Appel.

“We ...