DHL releases preliminary third quarter financial report, with profits up 28%!

In the third quarter of 2021, DHL Group's earnings before interest and taxes (EBIT) were approximately 1.765 billion euros, an increase of 28% . In the first nine months of this year , EBIT was approximately 5.760 billion euros. Against the backdrop of good business development, DHL will raise its EBIT and free cash flow expectations for fiscal 2021.

DHL's profit surges across all divisions

The good development trend of DHL in the first half of this year continued in the third quarter, with the performance of all departments significantly exceeding the level of last year. The transaction volume trend in the previous quarter confirmed the basic assumptions, B2B recovery continued to be well supported, and B2C sales remained at a high level of the same period last year in all major networks. At the same time, the tight capacity situation in the ocean and air freight markets continued.

Express: In the third quarter of 2021, the Express division's EBIT was approximately EUR 970 million, compared to EUR 753 million in the same period last year.

Global Freight Forwarding: In the third quarter of 2021, Global Freight Forwarding's EBIT was around EUR 370 million, significantly higher than the EUR 155 million in the same period last year.

Supply Chain: In the third quarter of 2021, Supply Chain's EBIT was around EUR 140 million, up from EUR 112 million in the same period last year.

E-Commerce Solutions: In the third quarter of 2021, EBIT was approximately EUR 90 million, up from EUR 76 million in the same period last year.

Deutsche Post & Parcel: In the third quarter of 2021, Deutsche Post & Parcel's EBIT was around EUR 300 million, slightly lower than EUR 320 million in the same period last year.

DHL's continued good business development is inseparable from the support of cash flow. It is understood that DHL Group's cash flow exceeded 1 billion euros in the third quarter of 2021. The cash flow in the first nine months of 2021 exceeded 3.1 billion euros, higher than 1.46 billion euros in the same period last year.

It is worth noting that DHL's performance in the first nine months of this year has exceeded last year's full-year performance. Compared with last year, the growth rate of global trade this year is still obvious, and the logistics volume of e-commerce is still very high. The upcoming peak season is still an opportunity for DHL to develop.

DHL Group CEO Frank Appel said the group is preparing for possible record freight volumes in the coming weeks and has deliberately increased capacity in the third quarter to provide customers with continued high-quality services.

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