Deutsche Post drives up revenues in all divisions in 2017

The German mail and logistics company posted revenues of 60.4 billion euros for the year, rising 5.4 percent from 2016, despite encountering headwinds from currency effects.    Deutsche Post DHL Group recorded a consolidated net profit after non-controlling interests of 2.7 billion euros (U.S. $3.3 billion) in 2017, inching up 2.8 percent from a year prior, according to the company’s latest financial statements.
   The Bonn, Germany-based mail and logistics company saw revenues rise 5.4 percent from 2016 to 60.4 billion euros, despite encountering headwinds from currency effects.
   Revenue increases were seen in all four of the company’s divisions, which include post-eCommerce-parcel; express; supply chain; and global forwarding, freight.
   Deutsche Post DHL Group closed out the year with 519,544 employees, an increase of 2.3 percent from 2016.
   Looking ahead, the board of management and the supervisory board will propose a dividend increase of 9.5 percent to 1.15 euros per share at the annual general meeting on April 24. If approved by the shareholders, the total payout would be around 1.4 billion euros, reflecting a payout ratio of 52 percent.