Left: Frank Appel, CEO of Deutsche Post DHL, speaking at the annual earnings press conference
Deutsche Post DHL met its earnings forecast of 2.4bn (US$2.6bn) for 2015 following a strong fourth quarter (Q4), which was operationally the best in the company’s history. The earnings before interest and tax (EBIT) amounted to 957m (US$1bn) for Q4, contributing to an operating profit of 2.41bn (US$2.6bn) for the full year.
The EBIT contribution of the Post – eCommerce – Parcel (PeP) division amounted to 1.1bn (US$1.2bn), with other DHL divisions generating an operating profit of 1.66bn (US$1.8bn).
Corporate center and other costs were stable at approximately 350m (US$380m) for the year. The decline in EBIT compared with 2014, approximately 554m (US$607m), was attributed to one-off expenses and investments such as a 336m (US$368m) charge for the renewal of IT systems in the Global Forwarding business unit.
DHL has confirmed an EBIT forecast of between 3.4bn (US$3.7bn) and 3.7bn (US$4bn) for 2016.
Frank Appel, CEO of Deutsche Post DHL Group, said, “In 2015 we have made significant progress against our strategic initiatives. Over the entire year, we have worked hard to pave the way for sustainable success in the future. The positive earnings momentum we have seen in the fourth quarter once again confirms the fundamental strength of our business. We are firmly on track with our strategy.”
March 9, 2016