News / Global Forwarding the star performer as DP-DHL reports 'solid' Q1 results

DHL’s Global Forwarding division was the shining star in what the company called a “solid” set of results – which also noted the “normalisation” of e-commerce after the pandemic-related surge.

The group saw revenues rise nearly 20% to €22.59bn ($23.88bn), resulting in ebit of €2.15bn, up nearly 13%.

Of this, Global Forwarding accounted for €6bn, up 70% from a year earlier. Air freight revenue rose 55%, to €2.85bn, “due mainly to tradelanes between the US and ­Europe”, while sea freight revenue grew ...