DHL has confirmed its 2014 earnings guidance, saying it will earn between 2.9 billion euros ($3.95 billion) and 3.1 billion euros this year. It also announced it will increase 2013’s earnings dividend by 0.10 euros due to the company’s good performance.
Company officials expect 1.2 billion euros to come from its parcel, e-commerce and post division, but said that other aspects of the company should show significant growth in 2014. To help earnings, DHL officials have a plan to reduce corporate expenses to less than 400 million euros on the year.
“With our new ‘Strategy 2020,’ we are drawing on our past achievements and our strengths to seize new opportunities to generate additional organic growth in a changing marketplace,” DHL Chief Executive Officer Frank Appel said in a press release. “We are ready to take our next growth steps and have many initiatives planned for the future.”
The company’s new strategy focuses on growing its logistics reach in emerging markets and expanding DHL’s parcel service internationally. Between 2013 and 2030, DHL officials are expecting annual earnings growth of 8 percent based on 2013’s results.
DHL confirms 2014 earnings guidance
