Deutsche Post DHL has reported its financial results for the financial year ended December 31, 2014. It reported revenues of €56.63bn, an increase of 3.1% on restated 2013 revenues. The company also recorded EBIT of €2.96bn, an increase of 3.5% year-on-year. Accordingly Deutsche Post DHL’s margin stood at 5.23%.
Revenue rose as a result of organic growth although negative currency effects reduced revenue by €407m. Changes in the portfolio also reduced revenue by €152m. The proportion of revenue generated from markets outside of Germany remained stable year-on-year at 69.3%.
The company stated that these results were supported by steady volume and revenue gains in the international express and German parcel businesses in particular. According to DHL these improvements are the result of the company’s market position in the world’s growth segments – namely e-commerce and emerging markets – and its strong operational performance, which has enabled margin improvements that also led to an EBIT increase.
“Despite a still challenging environment we delivered a solid performance in 2014, by building on our strong market position in e-commerce and emerging markets,” said Frank Appel, the CEO of Deutsche Post DHL Group. “In 2014 we were able to further successfully execute Strategy 2015 despite the lack of significant tailwind from the global economy. This year we begin executing Strategy 2020 in each of our divisions. While we remain on our growth path in 2015, we will focus on the opportunities and challenges we face in order to further strengthen our competitiveness for the successful future of our Group.”
More to follow.
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