DHL revenue up 15.6%, double-digit profits growth in 2Q2010

DHL revenue up 15.6% - financial highlights:

• Three months ended 30-Jun-2010:
  • Revenue: EUR12,795 million, +15.6% year-on-year;
    • Express: EUR2,868 million, +19.2%;
    • Global freight forwarding: EUR3,611 million, +35.6%;
    • Supply Chain: EUR3,387 million, +10.7%;
  • EBIT (loss): EUR253 million, +132.1%;
    • Express: (EUR30 million), compared with a loss of EUR51 million in p-c-p;
    • Global freight forwarding: EUR99 million, +5.6%;
    • Supply Chain: EUR55 million, +244%;
  • Net profit: EUR81 million, +22.7%;
  • Operating cash flow: EUR365 million, compared with EUR46 million in p-c-p;
• Six months ended 30-Jun-2010:
  • Revenue: EUR24,811 million, +9.9%;
    • Express: EUR5,488 million, +14.1%;
    • Global freight forwarding: EUR6,728 million, +24.4%;
    • Supply Chain: EUR6,517 million, +5.0%;
  • EBIT: EUR765 million, +463%;
    • Express: EUR80 million, compared with a loss of EUR443 million in p-c-p;
    • Global freight forwarding: EUR152 million, +34.5%;
    • Supply Chain: EUR112 million, +124%;
  • Net profit: EUR1,828 million, +81.0%;
• FY2010 forecast:
  • EBIT: EUR1,900 million to EUR2,100 million. [more]

DHL: "As an enabler of global trade, we benefited significantly from the recovery of the world economy in the second quarter. This was particularly true at the DHL divisions, which have become the sustainable driver of the group's profit growth," Frank Appel, CEO. Source: DHL, 03-Aug-2010.