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Deutsche Post DHL profits surge in 3Q2010, upgrades FY2010 guidance

10-Nov-2010 11:24 AM

Deutsche Post DHL revenue up 14% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue: EUR12,799 million, +13.9% year-on-year;
    • Mail: EUR3241 million, -2.7%;
    • Express: EUR2719 million, +11.7%;
    • Global forwarding freight: EUR3715 million, +35.8%;
    • Supply Chain: EUR3385 million, +12.9%;
  • Operating profit: EUR545 million, +135.9%;
    • Mail: EUR259 million, -20.6%;
    • Express: EUR199 million, 1709%;
    • Global forwarding freight: EUR100 million, +81.8%;
    • Supply Chain: EUR81 million, compared with a loss of EUR90 million in p-c-p;
  • Net profit: EUR226 million, compared with a net loss of EUR83 million in p-c-p;
  • Operating cash flow: EUR632 million, +26.7%;
  • Cash and cash equivalents: EUR3130 million, +14.7%;
  • Total assets: EUR36,824 million, +6.0% when compared with the period ended 31-Dec-2009;
  • Total liabilities: EUR26,651 million, +0.7%;
  • FY2010 forecast:
    • Underlying EBIT: EUR2.0 billion to EUR2.1 billion;
    • Mail: EUR1.1 billion to EUR1.2 billion [more]

DHL: “As a result of the continuation of the economic recovery and the group's good earnings performance during the first nine months of the year, Deutsche Post DHL has been able to improve its earnings guidance for the full year 2010 and raise the lower end of the planned range for the group's underlying EBIT. The Board of Management now projects the group's underlying EBIT to total between EUR2.0 billion and EUR2.1 billion. Deutsche Post DHL had previously expected an amount in the range of EUR1.9 billion and EUR2.1 billion,” Company statement. Source: DHL, 09-Nov-2010.

DHL: "In recent years, we have systematically created the conditions that enable the group to sustainably improve its profitability. With underlying EBIT that will likely total more than EUR2 billion, we will take another big step forward this year. But we are still a long way from reaching our full potential," Frank Appel, CEO. Source: DHL, 09-Nov-2010.