Global logistics major Deutsche Post DHL has reported increasing operating profit significantly in the third quarter of 2016. Group EBIT increased to EUR 755 million, representing the strongest third quarter in company history. The sharp rise over the prior year (2015: EUR 197 million) has been attributed to sustained organic growth in operating profit in all divisions in addition to the non-recurrence of substantial one-time effects.
Group revenue decreased by 3.9% to EUR 13.9 billion between July and September 2016 (2015: EUR 14.4 billion). In addition to negative currency effects and lower fuel surcharges due to falling oil prices, the decline reflects a change in the recognition of revenue generated from a key customer contract in the Supply Chain division, which took effect in the fourth quarter of 2015. Adjusted for the above effects, Group revenue rose by 2.4% year on year.
“The strong trend in operating profit in all four divisions shows that we have set the right priorities with our Strategy 2020. We are taking an increasingly active role in the dynamic development of e-commerce all over the world and are continuing to invest in this segment, ” said Frank Appel, CEO of Deutsche Post DHL Group.