The world’s leading logistics company Deutsche Post DHL Group recently announced preliminary results for 2020 which is far better than market expectations considering Corona led troubles last year.
The group has reported improving its operating profit (EBIT) to a record of EUR 4.840 billion and with this significantly outperformed its earnings guidance of EUR 4.1 to 4.4 billion for financial year 2020. With its broad range of logistics services, the Group benefited from the rise in global e-commerce activities and increased consolidated revenue by 5 percent to EUR 66.8 billion in 2020. Evidence of the profitable growth in the past financial year is the extraordinarily positive development in the express as well as in the national and international parcel business.
The dynamic increase in shipment volumes accelerated once again during the Christmas season, with network capacity utilization at consistently optimal levels. At the same time, the Group succeeded in achieving an unchanged high level of service – despite unprecedented utilization of resources.
“2020 was an exceptional year: despite all the challenges faced, we achieved a record result. Our strategy and business model have proven resilient – even in turbulent times for the global economy. Thanks to the incredible performance of our 550,000 employees all over the world we made a positive contribution to people and societies during the Covid-19 crisis. We are now focused on distributing the Covid-19 vaccine all over the world”, said Frank Appel, CEO Deutsche Post DHL Group.
(Pix Courtesy: Company’s website)