Strong third quarter for Deutsche Post DHL

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Deutsche Post DHL Group says its third quarter earnings before interest and tax (EBIT) rose by 15% to around €2.040 billion. Group EBIT for the first nine months of this year reached around €6.5 billion (compared with €5.765 billion for the same period in 2021).

It added that 2022 EBIT guidance will be increased with the formal release of full third quarter 2022 earnings on 8 November.

E-commerce volumes are coming closer to strongly elevated levels delivered last year, after volumes recorded a more pronounced decline in the first half of 2022. The capacity situation in the ocean and air freight markets has eased. EBIT in Global Forwarding stood at around €585 million in the third quarter of 2022, clearly ahead of previous year’s quarter of €372 million.

EBIT in the Express division reached around €1,010 million in the third quarter of 2022 compared to previous year’s quarter of €971 million.

EBIT in Supply Chain came in at around €220 million in Q3 2022, also well above last year’s quarter result which stood at €142 million. E-commerce Solutions recorded EBIT of around €85 million in the third quarter 2022 compared with €91 million in the third quarter of 2021.

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