Deutsche Post DHL (DP DHL) has announced its financial results for the third quarter of 2014. It reported revenue of €14.00bn for the period, representing year-on-year growth of 4.1%. The company also recorded EBIT of €677m, an increase of 4.8% compared to Q3 2013. Accordingly DP DHL’s margin stood at 4.84%. DP DHL stated that the overall result was powered by its market position in the most dynamic segments and regions of the world.
The group’s higher revenues primarily reflected the further improved volume and revenue development in the German parcel business and a 7.6% increase in revenues at the Express business. Revenue growth was also aided by slightly positive exchange-rate effects, but it was revenue gains generated by all four divisions, including DHL Global Forwarding, that fuelled the increase.
DP DHL’s EBIT result was largely attributable to improvements at DHL, which saw double-digit earnings gains at Express and Supply Chain fuel a 3.18% rise in EBIT to €487m. In the Post – eCommerce – Parcel (PeP) division, the additional income generated by increased postal rates and revenue growth in the parcel business compensated for higher material and personnel costs. As a result, the division’s EBIT rose by 4.0%, to €288m. DHL Global forwarding had a negative impact upon the EBIT result as costs related to the rationalization of acquisitions and industry wide margin pressures. Together with a slight reduction in the EBIT loss at a corporate level these factors led to the improvement in group EBIT.
“We continue to profit from our unique competitive position in emerging markets and our role as an e-commerce enabler. For this reason, we remain on track in spite of the current challenging environment,” said Frank Appel, the Chief Executive Officer of DP DHL. “Thanks to our continuous investments in the expansion of our network and infrastructure as well as our increased effort to optimize operational processes, we will be able to even more systematically address the needs of our customers and offer our services even more efficiently in the future.”
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