As expected, there was no significant upturn in the global economy in
the first quarter of 2024; the Group generated revenue of EUR 20.3 billion (Q1
2023: EUR 20.9 billion). As anticipated, the operating profit (EBIT) of EUR 1.3
billion was below the previous year’s level (Q1 2023: EUR 1.6 billion) but
exceeded the same period of the pre-pandemic year 2019 (Q1 2019: EUR 1.2
billion).
“We are in an unusually long phase of low momentum in global trade. In this environment, we continue to focus
on consistent capacity and cost management. However, we also see further
growth potential. The demand for omnishoring and e-commerce solutions remains
high and our customers are becoming increasingly aware of sustainable logistics
– we can clearly see this in the demand for GoGreen Plus. With our portfolio, we are ideally positioned to benefit from an
upturn in global trade. Despite all the challenges, 2024 is a year of
opportunities.”… As expected, a broad and dynamic economic upturn failed to
materialize in the first three months of the year. DHL Group continues to
expect more positive global economic momentum in the second half of 2024. Overall, the Group confirms its forecast
for the 2024 fiscal year and expects EBIT of between EUR 6.0 billion and EUR
6.6 billion and free cash flow, excluding acquisitions and divestments of
around EUR 3.0 billion.