DP DHL Group Raises 2022 Guidance on Back of Rising e-Commerce Volumes

Deutsche Post DHL Group, the world’s leading logistics company, has released preliminary results for the third quarter of 2022. The Group’s EBIT reached around $2 billion in the third quarter 2022 (Q3 2021: $1.7 billion).

Thus, Group EBIT for the first nine months of this year reached around $6.32 billion (9M 2021: $5.6 billion). Therefore, 2022 EBIT guidance (currently: $7.8 billion +/-5%) will be revised upwards with the formal release of full third quarter 2022 earnings on November 8, 2022.

e-Commerce driven shipment volumes coming closer to strongly elevated levels delivered last year

The Group has recorded a good business development in the third quarter of this year. As expected, year-on-year comparison of e-commerce driven B2C shipment volumes improved in the third quarter of 2022, after volumes recorded a more pronounced decline in the first half of 2022.

Against the backdrop of overall macroeconomic uncertainties, transport volumes in the B2B business reflected a softer demand. Consequently, the capacity situation in Ocean and Air Freight markets has eased.

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Overall network activities in all DHL divisions maintained good utilization levels leading to an improved EBIT.

Express: EBIT in the Express division reached around $983 million in the third quarter of 2022 compared to previous year's quarter of $945 million.

Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around $570 million in the third quarter of 2022, once more clearly ahead of previous year's quarter of $362 million.

Supply Chain: EBIT at Supply Chain came in at around $214 million in Q3 2022, also well above last year's quarter result which stood at $138 million.

eCommerce Solutions: e-Commerce Solutions recorded EBIT of around $83 million in the third quarter 2022 (Q3 2021: $88 million).

Post & Parcel Germany: EBIT in Post & Parcel Germany in the third quarter 2022 was around $277 million (Q3 2021: $292 million).

The continued positive earnings development was successfully converted into a growing free cash flow. Free cash flow in the third quarter 2022 amounted to more than $1.45 billion (Q3 2021: $1.23 billion).

The comprehensive disclosure for third quarter 2022 will be published as planned on November 8, 2022.

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