Comment / M&A budget-constrained DHL Group 'calls' the (volume) bottom

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There’s one worthwhile sign of relief to highlight from today’s Q2 23 investor pack released by T&L integrator DHL Group, alongside remarks from a convincing CFO, Melanie Kreis, who was lonely as ever fronting the analysts now that Frank Appel has left.

In a nutshell, DHL Supply Chain (SC) shone, big time, I reckon. Global Forwarding (GF) held up. But the domestic PeP business is only slowly trying to recover, while the outlook for core Express is rather uncertain.

With separate (by ...