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Outlook

Mid-term Guidance

2026 Guidance

As of July 7, 2026.

>€6.5 bn

(from > €6.2 bn) Group EBIT

2024 EBIT-Guidance DHL divisions: > €5.5 billion

>€5.9 bn

(from >€5.6 bn) DHL

2024 EBIT-Guidance P&P division: ~ €0.8 billion

>€0.9 bn

P&P GERMANY

2024 EBIT-Guidance Group Functions: ~ €-0.45 billion

~€-0.4 bn

GROUP FUNCTIONS

~€3.0 bn

FREE CASH FLOW (Excl. Net M&A)

€3.0 - 3.3 bn

GROSS CAPEX (excl. leases)

~30%

TAX RATE

  • Base assumption: No further worsening of the geopolitical situation.

Mid-term Guidance

>€7 BN

GROUP EBIT

>€3 BN

FREE CASH FLOW (EXCL. NET M&A, P.A.)

>€3 BN

GROSS CAPEX (EXCL. LEASES, P.A.)

  • Mid-term EBIT target assumes a market environment with market growth rates returning towards our trend expectations.
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