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Corona year brings Deutsche Post DHL record results

The Corona year 2020 brought record results to Deutsche Post DHL. According to preliminary figures, the group’s earnings before interest and taxes (EBIT) rose to 4.8 billion euros and thus significantly exceeded the profit forecast, the Dax group announced on Tuesday in Bonn.

At the same time, the company increased its earnings forecasts for the next few years. Swiss Post profited strongly from the increase in global e-commerce activities and increased group sales by 5 percent to 66.8 billion euros during the pandemic. The increase in the shipment volume in the express and national and international parcel business accelerated again in the Christmas business, the company reported. “2020 was an extraordinary year: Despite the numerous challenges we were able to achieve a record result,” emphasized CEO Frank Appel.

The Post’s business model has proven to be resilient even in turbulent times. Now the group is concentrating on transporting the Covid-19 vaccine around the world. Thanks to the ongoing good business situation, the group is going into the following years more confidently. For the next two years, he expects an even higher operating profit. In 2021, earnings are expected to exceed the previous year’s figure of 5.4 billion euros, adjusted for special effects. It should then increase again in 2022. Most recently, the forecast for 2022 was only 5.3 billion euros – and that in the most optimistic scenario of the planning.


(emw)

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