• Home
  • News

    Airlines

    • Freighter Operator
    • Bellyhold Airline

    Associations

    Airports

    Technology

    • Airfreight Digitisation
    • E-Commerce Logistics

    Business

    • Air Cargo Statistics
    • Cool Chain
    • Finance
    • Supply Chain

    Freight Forwarders

    Policy

    • Air Cargo Security

    Services

    • Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    People

    News By Date

    Sectors

    • Animal Transportation
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Archive News

  • Magazine
  • Advertise
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
    • Reels
  • Subscribe
  • Newsletter
No Result
View All Result
  • Airlines
  • Airports
  • Associations
  • Business
    • Cool Chain
    • Finance
    • Air Cargo Statistics
  • Sectors
    • Animal Transportation
    • E-Commerce Logistics
    • Pharma Logistics
    • Perishable Logistics
  • Services
    • Freighter Conversion/MRO
    • Handlers
    • Charter Operator
  • Technology
    • Logistics
    • Policy
    • Air Cargo Security
  • More
    • Freight Forwarders
    • People
    • Cargo Handling
Cargo Newswire
  • Home
  • News

    Airlines

    • Freighter Operator
    • Bellyhold Airline

    Associations

    Airports

    Technology

    • Airfreight Digitisation
    • E-Commerce Logistics

    Business

    • Air Cargo Statistics
    • Cool Chain
    • Finance
    • Supply Chain

    Freight Forwarders

    Policy

    • Air Cargo Security

    Services

    • Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    People

    News By Date

    Sectors

    • Animal Transportation
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Archive News

  • Magazine
  • Advertise
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
    • Reels
  • Subscribe
  • Newsletter
No Result
View All Result
Cargo Newswire

DHL Group stands firm in a weak market environment and raises lower end of its Group EBIT guidance

August 1, 2023
in Logistics
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter

Group revenue of EUR 20.1 billion in the second quarter; operating profit at EUR 1.7 billion; free cash flow at EUR 450 million.

DHL Group reported a 16 per cent decline in revenue at €20.1 billion (Q2 2022: €24 billion) for the second quarter ended June 30, 2023 “which continued to be characterised by lower volumes and declining freight rates.”

While EBIT was down 27 per cent to €1.7 billion, consolidated net profit dropped 31 per cent to €978 million from €1.5 billion in Q22022.

Related Post

Duvenbeck Rolls Out MAN Electric Trucks for Volkswagen Logistics

Kuehne+Nagel strengthens Asia growth with enhanced Less-than-Container Load solution in Thailand

Gebrüder Weiss Reports Strong Growth in 2024, Focuses on Sustainability and Digital Innovation

Kale Logistics Solutions Revolutionizes Customs Clearance at Kansai International Airport

“Thanks to our balanced portfolio and global presence, we were once again able to demonstrate our resilience,” says Tobias Meyer, CEO, DHL Group. “This is particularly evident in times of a weak global economic momentum. We took the right measures at an early stage to deal with the current macro environment. This, along with the dedicated efforts of our employees, is reflected in the high earnings level, which is well above those of the pre-pandemic years.”

Express revenue was down 12 per cent to €6 billion and EBIT declined 18 per cent to €901 million. Global forwarding saw revenue slip 41 per cent to €4.8 billion and EBIT declines 47 per cent to €388 million. For the first six months, group revenue was down 12 per cent to €41 billion, EBIT declined 26 per cent to €3.3 billion and consolidated net profit dropped 33 per cent to €1.9 billion.

Hikes 2023 outlook 

DHL Group has raised the lower end of its EBIT guidance for 2023 to €6.2 billion (previously €6 billion).

“In the favourable event of a recovery of the global economy early in the second half of the year (“V-shaped” development), the Group expects EBIT of around €7 billion (unchanged). *In the event of a recovery at the end of the year (“U-shaped” development), the Group expects EBIT of around €6.6 billion (previously €6.5 billion). *In the unfavourable event of no significant recovery in the global economy in the remainder of the year (“L-shaped” development), the Group expects EBIT of at least €6.2 billion (previously €6 billion).”

Tags: DHL GroupEBIT
ShareTweetPin
Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

Related Posts

Logistics

SAL and GCL Sign Strategic Agreement to Strengthen Specialized Logistics Solutions for the Entertainment, Sports, and Arts

by Devender Grover
June 5, 2025
Logistics

Rhenus Group Strengthens LATAM Region as Blu Logistics Rebrands to Rhenus Logistics

by Devender Grover
May 25, 2025
Logistics

Cargo iQ Onboards Saudi Arabia’s Largest Logistics Service Provider SAL

by Devender Grover
May 25, 2025

TIACA Announces 2025 Hall of Fame Recipient

June 6, 2025

New contract extensionWestJet Cargo relies on Jettainer as long-term ULD management partner

NY/NJ Foreign Freight Forwarders & Brokers Association Announces 2025 “Captain of Industry” Award Recipient

Avianca Cargo announces a collaboration agreement with Amazon Air Cargo

SAL and GCL Sign Strategic Agreement to Strengthen Specialized Logistics Solutions for the Entertainment, Sports, and Arts

Air France KLM Martinair Cargo marks five years of tech-driven, customer-centric transformation

Tags

Airbus Air Canada Air Cargo Aircargo Air Cargo News Air Freight Airfreight Airlines American Airlines Atlas Air Aviation Aviation Industry Aviation News Boeing cargo industry news Cargo International News Covid 19 DB Schenker DHL DHL Express dnata E-commerce Emirates Emirates SkyCargo Etihad Cargo Europe Freighter Freighters IAG Cargo IATA Latest Air Cargo News Logistics Logistics News Lufthansa Cargo Pharma Qatar Airways Qatar Airways Cargo Supply chain Sustainability Swissport Technology TIACA Turkish Cargo UPS WFS
  • Home
  • About us
  • Magazine
  • Subscribe
  • Reels
  • Events
  • Advertise
  • Careers
  • Contact us
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Copyright © 2025 Profiles Media Network Pvt Ltd. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Airlines
    • Airports
    • Associations
    • Business
    • Freight Forwarders
    • People
    • Cargo Handling
    • Sectors
    • Services
    • Technology
    • News By Date
  • Reels
  • Magazine
  • Archive News
  • Subscribe
  • Newsletter
  • Advertise
  • Jobs
  • Subscribe
  • Events

Copyright © [2024] Profiles Media Network Pvt Ltd All Rights Reserved. Build with ❤️ by Onairdigital

Our website uses cookies. We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy.