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Deutsche Post’s Parcel and Mail Division Posts 38% H1 Profit Jump

The company confirmed its full-year EBIT forecast despite freight profits falling due to U.S. trade disputes.

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Postmitarbeiter zieht einen Wagen voller Pakete zu seinem Zustellfahrzeuges.
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Overview

  • Post & Paket Deutschland delivered €447 million in EBIT for the first half, marking a 38 percent increase on €8.6 billion in revenue.
  • Parcel volume growth, a 10.5 percent postage rate rise and structural cost savings underpinned the division’s earnings boost.
  • The German letter and parcel unit reduced its headcount by about 3.1 percent to roughly 152,000 employees while pursuing an 8,000-position cull through natural attrition.
  • DHL Group’s overall EBIT climbed 5.1 percent to €2.8 billion as consolidated revenue slipped 0.6 percent to €40.6 billion.
  • The international freight business saw revenue drop 5.3 percent and operating profit plunge 29.7 percent in Q2 because of U.S. trade tensions.