DHL off to a 'dynamic' start in 1Q2011; EBIT up 23%

DHL revenue up 7% - financial highlights for the three months ended 31-Mar-2011:

• Revenue: EUR12,842 million, +6.9% year-on-year;
  • Mail: EUR3514 million, +0.2%;
  • Express: EUR2765 million, +5.5%;
  • Global freight forwarding: EUR3581 million, +14.9%;
  • Supply chain: EUR3273 million, +7.5%;
• EBIT: EUR629 million, +22.9%;
  • Mail: EUR373 million, -4.1%;
  • Express: EUR216 million, +96.4%;
  • Global freight forwarding: EUR69 million, +30.2%;
  • Supply chain: EUR78 million, +39.3%;
• Net profit: EUR325 million, -81.4%;
• Capital expenditure: EUR252 million, +29.2%;
• Total assets: EUR37,434 million, -0.9% when compared to period ended 31-Dec-2010;
• Cash and cash equivalents: EUR2943 million, -13.8% when compared to period ended 31-Dec-2010;
• Total liabilities: EUR17,439 million, -1.1% when compared to period ended 31-Dec-2010;
• FY2011 forecast:
  • EBIT: EUR2200 million to EUR2400 million;
    • Mail: EUR1000 million to EUR1100 million;
  • Operating profit: EUR1600 million to EUR1700 million. [more]

DHL: "We have gotten off to a dynamic and very successful start in 2011. We are in an extremely good position from which we can benefit from the continued recovery of the global economy to generate profitable growth and achieve our short- and mid-range targets," Frank Appel, CEO. Source: DHL, 10-May-2011.