DPDHL Group Reports Record Revenues and Earnings for Q2 2021
Following a good start into the year, Deutsche Post DHL Group, the world’s leading logistics company stayed on track for growth in the second quarter 2021.
Revenue increased significantly by 22.2% to $23 billion (Q2 2020: $18.7 billion).
Thanks to rising global business activities and steadily growing e-commerce, all five divisions benefited from a very strong demand for logistics services.
Shipment volumes reached a new record level and were transported more efficiently than ever before by Deutsche Post DHL Group.
Operating profit (EBIT) increased to $2.5 billion (Q2 2020: $1.1 billion). The EBIT margin almost doubled to 10.7% (Q2 2020: 5.7%). Free cash flow was $1.08 billion in the second quarter of 2021.
With these results, the Group exceeded the preliminary quarterly figures published in July and confirmed its increased guidance. The renewed one-time Covid bonus for approx. 550,000 employees worldwide, also announced in July, is to be paid in the fourth quarter 2021.
Frank Appel, CEO of Deutsche Post DHL Group said: “After the global economy had experienced an unprecedented downturn last year, all of our divisions now make a pivotal contribution to accelerate the recovery of global trade.
"Our entire team performed brilliantly in an environment that remained challenging, enabling us to achieve an outstanding quarterly result.”
The focus on the profitable core business and the megatrends of e-commerce and digitalization, defined as part of Strategy 2025, continued to have a positive impact on business performance in the second quarter 2021.
The dynamic performance in national and international business from April to June was driven by a persisting structural e-commerce trend.
At the same time, there was a revitalization in business activities that are more dependent on global trade, such as contract logistics and the international freight forwarding business.
The divisions more focused on B2B business mastered the persistently challenging conditions in the international air and ocean freight transport markets with an exceptionally high level of efficiency.
Profitability was additionally heightened by the continuing digital transformation of business processes and the introduction of new digital customer solutions.
Overall, Deutsche Post DHL Group generated net profit after non-controlling interests of $1.5 billion in the second quarter of 2021 (Q2 2020: $618 million). Basic earnings per share thus doubled to $1.23, compared with $0.50 a year ago.
The Group confirms its short- and mid-term earnings guidance, which was raised in July. For the current financial year 2021 Deutsche Post DHL Group continues to forecast record earnings of more than $8.2 billion.
The mid-term earnings outlook for 2023 remains unchanged at more than $8.7 billion, reflecting the expectation of unchanged high shipment volumes and further improved efficiency.