The Express and Logistics divisions are driving earnings growth at Deutsche Post World Net, with consolidated revenue climbing 5.4 per cent to 30.9 billion euros and EBIT rising by nine per cent to 1.7 billion euros. The results for the first half of 2007 indicate positive business development for the year.
‘The logistics division continued its strong earnings growth, and the Express division made major progress,’ says Klaus Zumwinkel, chairman and chief executive officer of Deutsche Post World Net. ‘We can confirm our guidance that the underlying EBIT will total at least 3.6 billion euros for the entire fiscal year of 2007,’ says Zumwinkel.
At DHL Exel Supply Chain, the positive trend that started in the first quarter continued in the second: Revenue climbed by
12.8 per cent to 6.4 billion euros, bolstered by the 10-year contract with the British healthcare agency NHS as well as by higher revenue in Asia. In the DHL Freight business unit,
revenue totaled 1.82 billion euros compared with 1.84 billion euros in the same period last year.
EBIT for the entire Logistics division totaled 414 million euros in the first half, 28.2 per cent more than the same period last year. The rise was generated in part by the sale of waste-disposal company Vfw AG in the first quarter. In the second quarter, underlying EBIT rose 20.5 per cent.