DHL sees growth in Asia-Pacific, Europe
The second quarter of 2011 was particularly strong for Deutsche Post DHL, with the logistics company posting group revenues of €12.8 billion. But it’s DHL’s doubling of EBIT and growth in Europe and the Asia-Pacific that really has DHL spokespeople talking.
“We are continuing to grow and have kept the positive momentum of the last quarters,” DHL CEO Frank Appel said in a statement. “The second quarter once more proves the quality and sustainable nature of the efficiency gains we have achieved over recent years.”
One division that achieved significant gains from April to June was global freight forwarding. With revenues climbing to €3.7 billion, this segment posted a 3.6 percent increase over the second quarter of 2010. The division’s year-over-year EBIT also grew significantly, rising 13.1 percent to €112 million.
DHL spokespeople said the company's freight-forwarding division was able to profit despite escalating fuel costs because of its lower cargo rates and better purchasing conditions. They also attributed exponential growth in the European overland transportation sector with its second-quarter success.
The company’s express division also profited in the second quarter, with year-over-year revenue increasing 2.9 percent to €3 billion. DHL said this growth is a testament to double-digit increases in international shipment volumes and higher traffic in the Asia-Pacific sector.
And DHL shows no signs of slowing down, Appel maintains. “We remain confident concerning our future business development, also against the backdrop of a more normalized level of global economic activity,” he said in a statement. “We have the necessary skills and the required flexibility to remain firmly on our successful growth course — both during the second half of the year and beyond.”