DHL increases revenues 7.3% in Q1

The mail carrier and logistics provider recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017.    Deutsche Post DHL Group recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017, increases 0.3 percent and 7.3 percent, respectively, from the same 2016 period.
   The Bonn, Germany-based mail carrier and logistics provider’s diluted earnings per share for the quarter remained unchanged from a year prior at EUR 0.51 per diluted share.
   DP DHL said global economic growth picked up slightly at the beginning of the year, but remained subdued overall. At the close of the quarter, the company had 505,517 employees.
   Revenues from DP DHL’s Post and eCommerce-Parcel division rose 6.4 percent year-over-year to EUR 4.5 billion, with growth originating primarily in the eCommerce-Parcel business.
   The company’s Express division posted revenues of EUR 3.6 billion, up 13 percent from the previous year.
   “We recorded positive currency effects of 24 million euros,” DP DHL said. “Excluding these effects, revenue growth was 12.3 percent. This also reflects the fact that fuel surcharges were higher in all regions as the price of crude oil increased compared with the previous year.”
   DP DHL’s Global Forwarding and Freight Division recorded revenues of EUR 3.5 billion, up 6.6 percent year-over-year. Airfreight volumes jumped 13.9 percent, driven by new business wins, while ocean freight volumes grew 6.4 percent, fueled by growth on the trade lanes between Asia and Europe and supported by growth in the transpacific market.
   The company’s Supply Chain division saw revenues tick up 3.8 percent to EUR 3.5 billion for the quarter, driven by dynamic business performance across all regions, which was partly offset by negative currency effects.