Deutsche Post-DHL yesterday released its third-quarter preliminary results that showed profits were likely to be around 43% ahead of previous guidance.
Group ebit grew by 45%, compared with the 2% growth DP-DHL originally forecast, to €1.37bn ($1.6bn), compared with €942m the previous Q3, largely driven by a stellar performance in its Express division.
Express increased its ebit by 60.5% in the quarter to reach €750m, compared with last year’s €454m, “driven by a strong development in TDI (time-definite international) volumes.
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Source: The Loadstar