Deutsche Post DHL, the renowned German logistics company, is further raising its financial expectations as it continues to benefit from the thriving e-commerce industry and the expected rebound of global trade. In the first quarter, the company experienced a significant increase in operating earnings, which tripled compared to the previous year. As a result, Deutsche Post DHL has revised its operating profit forecast for 2021 to over 6.7 billion euros ($8.05 billion) and over 7 billion euros for 2023, surpassing its previous estimates.

As one of the largest logistics companies worldwide, Deutsche Post DHL reported impressive first-quarter operating profit of 1.9 billion euros. Additionally, the company’s revenues rose by 22% to reach 18.9 billion euros. These positive figures indicate the company’s robust performance and ability to capitalize on the growing demands of the e-commerce sector.

CEO Frank Appel expressed confidence in the future growth prospects of Deutsche Post DHL, highlighting that all five of the company’s divisions are poised for expansion and are well-positioned to leverage the ongoing e-commerce boom and the resurgence of global trade. While growth rates are expected to stabilize over time, Appel remains optimistic about the company’s potential for further growth in the upcoming quarters.

This positive outlook from Deutsche Post DHL aligns with the recent success of its competitor, United Parcel Service (UPS). UPS surpassed Wall Street’s revenue estimates for the quarter, primarily driven by a surge in online purchases during the COVID-19 pandemic. As a result, UPS witnessed an increase in its shares.

The pandemic-induced shift in consumer behavior towards online shopping has significantly bolstered the e-commerce industry. Consequently, logistics companies like Deutsche Post DHL and UPS have been presented with lucrative opportunities. With the continuous growth of e-commerce and the anticipated recovery of global trade, these companies are in an advantageous position to capitalize on the market’s potential and secure sustained success.

Helpful Links:
1. Deutsche Post DHL Official Website
2. United Parcel Service Official Website