My Account Menu

CAPA Login


Register to trial CAPA Membership!

DHL 2009 results exceed forecast, targets sustainable earnings improvement in 2010

11-Mar-2010 8:49 AM

Deutsche Post DHL revenue down 11.6% - financial highlights:

  • Three months ended 31-Dec-2009:
    • Revenue: EUR12,389 million, -11.6% year-on-year;
      • Mail: EUR3,712 million, -4.7%;
      • Express: EUR2,778 million, -15.4%;
      • Global Forwarding Freight: EUR2,996 million, -17.0%;
      • Supply Chain: EUR3,223 million, -8.8%;
    • EBIT (loss): (EUR136 million), compared to a loss of EUR2,824 million in the previous corresponding period;
      • Mail: EUR503 million, +13.8%;
      • Express: (EUR375 million), compared to a loss of EUR2,206 million in the previous corresponding period;
      • Global Forwarding Freight: EUR23 million, -68.5%;
      • Supply Chain: (EUR171 million), compared to a loss of EUR1,069 million in the previous corresponding period;
    • Underlying EBIT: EUR526 million, -17.7%;
      • Mail: EUR511 million, +7.4%;
      • Express: EUR162 million, +145.5%;
      • Global Forwarding Freight: EUR67 million, -41.2%;
      • Supply Chain: (EUR98 million), compared to a profit of EUR47 million in the previous corresponding period;
    • Net profit (loss): (EUR283 million), compared to a loss of EUR3,181 million in the previous corresponding period;
  • 12 months ended 31-Dec-2009:
    • Revenue: EUR46,201 million, -15.2%;
      • Mail: EUR13,684 million, -4.9%;
      • Express: EUR10,312 million, -24.4%;
      • Global Forwarding Freight: EUR10,870 million, -23.3%;
      • Supply Chain: EUR12,507 million, -8.8%;
    • EBIT: EUR231 million, compared to a loss of EUR966 million in the previous corresponding period;
      • Mail: EUR1,383 million, -36.5%;
      • Express: (EUR807 million), compared to a loss of EUR2,194 million in the previous corresponding period;
      • Global Forwarding Freight: EUR191 million, -47.2%;
      • Supply Chain: (EUR208 million), compared to a loss of EUR920 million in the previous corresponding period;
    • Underlying EBIT: EUR1,473 million, -26.8%;
      • Mail: EUR1,412 million, -14.0%;
      • Express: EUR238 million, +45.1%;
      • Global Forwarding Freight: EUR272 million, -32.5%;
      • Supply Chain: (EUR121 million), compared to a profit of EUR196 million in the previous corresponding period;
    • Net profit: EUR644 million compared to a loss of EUR1,688 million in the previous corresponding period;
  • 2010 Forecast:
    • Underlying EBIT: EUR1,600 million to EUR1,900 million. [more]

DHL: “For this year, the Group foresees a moderate recovery in global transport volumes. Deutsche Post DHL’s reported EBIT is expected to be considerably above last year’s level. Consolidated net profit should further improve compared to 2009. The Group expects the positive earnings trend to continue in 2011,” Company statement. Source: DHL, 09-Mar-2010.

DHL: “We are optimistic about the future, even though many uncertainties remain about the strength of the economic recovery as well as about political and regulatory issues. We will move ahead as planned this year and sustainably improve the Group's profitability with innovative products, high service levels and the ongoing development of customer-oriented solutions,” Frank Appel, Chief Executive Officer. Source: DHL, 09-Mar-2010.