DHL Group again posts significant revenue growth in the third quarter despite persistently muted macro dynamics
Group revenue of EUR 20.6 billion in the third quarter of 2024, up 6.2 percent vs. the same period of the previous year (Q3 2023: EUR 19.4 billion); Operating profit (EBIT) with EUR 1.37 billion at previous year's level.
- Group revenue of EUR 20.6 billion in the third quarter of 2024, up 6.2 percent vs. the same period of the previous year (Q3 2023: EUR 19.4 billion)
- Operating profit (EBIT) with EUR 1.37 billion at previous year's level
- Free cash flow of EUR 723 million (Q3 2023: EUR 1,074 million; Q3 2019: EUR 507 million)
- EBIT guidance adjusted to >EUR 5.8 billion (previously EUR 6.0 to EUR 6.6 billion) due to weak economic dynamics in B2B volumes and air freight forwarding margins as well as an accelerated decline in letter volumes
- Tobias Meyer, CEO DHL Group: "We were able to significantly increase revenue and initiate a turnaround in EBIT compared to the prior-year quarter. Now it is crucial to provide our customers with the expected high quality during the peak season."
Bonn - Revenue at the world's leading logistics company DHL Group increased 6.2 percent to EUR 20.6 billion in the third quarter of 2024 (Q3 2023: EUR 19.4 billion) despite persistently muted market dynamics. Operating profit (EBIT) remained stable at EUR 1,373 million (Q3 2023: EUR 1,372 million) and was therefore not only in line with market expectations but also significantly above the pre-pandemic level (Q3 2019: EUR 942 million).
Express | Q3 2023 | Q3 2024 | YOY |
Revenue (in EUR million) | 5,885 | 6,063 | 3.0 (1) |
EBIT (in EUR million) | 667 | 686 | 2.8 (1) |
EBIT margin (n percent) | 11.3 | 11.3 | +-0 (2) |
(1) in percent (2) in percentage points |
Global Forwarding, Freight | Q3 2023 | Q3 2024 | YOY |
Revenue (in EUR million) | 4,417 | 5,037 | 14.0 (1) |
EBIT (in EUR million) | 306 | 277 | −9.5 (1) |
EBIT margin (in percent) | 6.9 | 5.5 | −1.4 (2) |
(1) in percent (2) in percentage points |
Supply Chain | Q3 2023 | Q3 2024 | YOY |
Revenue (in EUR million) | 4,258 | 4,427 | 4.0 (1) |
EBIT (in EUR million) | 242 | 274 | 13.2 (1) |
EBIT margin (in percent) | 5.7 | 6.2 | 0.5 (2) |
(1) in percent (2) in percentage points |
eCommerce | Q3 2023 | Q3 2024 | YOY |
Revenue (in EUR million) | 1,477 | 1,645 | 11.4 (1) |
EBIT (in EUR million) | 55 | 50 | −9.1 (1) |
EBIT margin (in percent) | 3.7 | 3.0 | −0.7 (2) |
(1) in percent (2) in percentage points |
Post & Parcel Germany | Q3 2023 | Q3 2024 | YOY |
Revenue (in EUR million) | 3,959 | 4,053 | 2.4 (1) |
EBIT (in EUR million) | 207 | 171 | −17.4 (1) |
EBIT margin (in percent) | 5.2 | 4.2 | −1.0 (2) |
(1) in percent (2) in percentage points |
Daniel Gabel
Financial Communications, Global Business Services
DHL Group
Charles-de-Gaulle-Str. 20
53113 Bonn
Germany