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E-Commerce and International Logistics

Views: 2     Author: huatuyt     Publish Time: 2022-11-02      Origin: Site

DHL will enhance its operating profit forecast as consumer e-commerce demand increases in the third quarter of the year.

The express and postal behemoth expect third-quarter earnings before interest and tax (EBIT) to exceed €2 billion, up from €1.8 billion last year.

"As a result, with the formal announcement of full third quarter 2022 profits on November 8, 2022 ebit guidance (currently: €8bn +/-5%) will be amended upwards," the business added.

"Year-on-year comparison of e-commerce driven B2C shipping volumes increased in the third quarter of 2022, as expected, following a more dramatic fall in the first half of 2022."

"Against the backdrop of broader macroeconomic uncertainty, B2B transport volumes exhibited lower demand."

"As a result, the capacity situation in the ocean and airfreight markets has improved." Overall network use in all DHL divisions remained high, resulting in an enhanced ebit."

According to the corporation, ebit in the express sector reached nearly €1 billion in the third quarter of 2022, up from €971 million the previous year.

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In the third quarter of 2022, Ebit in the Global Forwarding, Freight industry was roughly €585 million, up from €372 million the previous year.

Ebit at Supply Chain was over €220 million in the third quarter of 2022, which was also significantly higher than the previous year's quarter result of €142 million.

In the third quarter of 2022, E-Commerce Solutions had an EBIT of roughly €85 million, down from €91 million the previous year.

Finally, Post & Parcel Germany reported a third-quarter 2022 ebit of €285 million, compared to €300 million in the same period in 2021.

In the second quarter of 2022, Deutsche Post DHL Group reached an overall record ebit of €2.3 billion.

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