10/13/2021 | Press release | Distributed by Public on 10/12/2021 20:24
Deutsche Post DHL Group has released preliminary results for the third quarter of 2021.
The Group's EBIT reached around EUR 1.765 billion in the third quarter 2021 (Q3 2020: EUR 1.377 billion), bringing the EBIT of the first nine months of 2021 to around EUR 5.760 billion.
This includes a one-off effect of EUR -179 million for the second Covid-19 bonus (Q3 2020: EUR -163 million), which will be paid in the fourth quarter.
Against the backdrop of the excellent business development, the Group will revise upward its outlook for EBIT and free cash flow for FY 2021. In addition, the mid-term guidance for FY 2023 will be increased on November 4, 2021.
Frank Appel, CEO of Deutsche Post DHL Group, said: "In the first nine months of the current year, we have already exceeded previous year's full-year result. Global trade accelerated significantly compared to the previous year.
"At the same time, shipment volumes in e-commerce remained high. Therefore we are optimistic for the oncoming peak season.
"We are now intensively preparing ourselves for potential record breaking shipment volumes in the coming weeks and have deliberately built up capacity in the third quarter, in order to be able to offer our customers continued high quality service."