Deutsche Post DHL ups Q3 profits, revenues

The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6 million) on group revenues of 14.6 billion euros for the quarter, according to the company’s most recent financial statements.    Deutsche Post DHL Group had consolidated net profits of 669 million euros (U.S. $777.6 million) for the third quarter of 2017, ticking up 1.7 percent from the third quarter of 2016, according to the company’s latest financial statements.
   The Bonn, Germany-based parcel carrier and logistics provider recorded group revenues of 14.6 billion euros for the quarter, up 5.6 percent year-over-year, with all four divisions – post-e-commerce-parcel, express, global forwarding and freight, and supply chain – contributing to the increase.
   The post-e-commerce-parcel division’s revenues totaled 4.3 billion euros for the quarter, rising 6.9 percent year-over-year, fueled by the e-commerce-parcel business unit.
   Meanwhile, the express division’s revenues reached 3.6 billion euros, increasing 8.5 percent from the third quarter of 2016.
   Revenues in the global forwarding, freight division stood at 3.5 billion euros for the quarter, rising 5.1 percent year-over-year. Global forwarding airfreight volumes rose 8 percent since last year’s third quarter, while ocean freight volumes ticked up 8.5 percent.
   The supply chain division’s revenues also reached 3.5 billion euros during the quarter, ticking up 2.3 percent from last year’s third quarter.
   In early July, Deutsche Post DHL acquired an 80 percent interest in Brazil-based Olimpo Holding S.A., along with its subsidiaries, Polar Transportes Ltda. And Rio Lopes Transportes Ltda., for 47 million euros, 45 million euros of which were paid in July. These companies specialize in temperature-controlled transport for the life sciences and healthcare sector.
   The remaining 20 percent interest will be acquired over the next two years in 10 percent increments. “The future results of the company will determine the purchase price for the remaining shares and the payment will be made in several tranches,” Deutsche Post DHL said.
   In August, Deutsche Post DHL Group struck a deal to sell Williams Lea Tag, its London-based marketing and communications supply chain services provider, to private equity firm Advent International. The goal is to close the deal in the fourth quarter of this year.
   Overall, for the first nine months of 2017, Deutsche Post DHL Group recorded a consolidated net profit of 2 billion euros on group revenues of 44.3 billion euros, ticking up 3.8 percent and 5.8 percent, respectively, from the corresponding 2016 period.
   As of Sept. 30, Deutsche Post DHL had a total of 521,987 employees, including trainees.