Amid reports that DHL will be the primary carrier of Apple’s new iPad 3, the logistics provider released its financial statements for fiscal-year 2011, which showed group revenues rising 2.8 percent, year-over-year, to €52.8 billion. The iPad 3 deal could lead to another revenue surge, industry insiders project.
Either way, the newly announced iPad 3 has certainly led to a surge in airfreight rates, according to a BB&T Capital Markets report. Air cargo prices out of China increased 20 percent this week as Apple purchased space to ship its products in an increasingly capacity-strained environment, the report explained.
Although Deutsche Post DHL CEO Frank Appel didn’t discuss the alleged iPad 3 deal, he did address DHL’s success in the technological sector. “Be it in the Internet arena or the emerging markets of the world, we have a very strong presence in exactly the places where growth is being generated,” Appel said in a statement. “At the same time, we have the flexibility we need to exploit opportunities as they arise and to respond at short notice to challenges that emerge.
“Combined with the development of additional products and solutions that are designed to meet the special needs of our customers, we have an excellent foundation for generating further profitable growth,” Appel continued. In fact, company officials project that DHL’s operating profit will increase between 13 percent and 15 percent each year from 2010 to 2015.
2011 was certainly profitable for the company, according to a press release. Revenues for DHL’s Express division, for instance, surged 5.9 percent, year-over-year, to €11.8 billion. According to a press release, this number reflects the double-digit growth in international shipments, especially in the Asia-Pacific.
The company’s Global Forwarding, Freight, division also saw higher profits in fiscal 2011, despite staggering fuel prices. This sector, which experienced 4.9 percent, year-over-year, revenue growth, was greatly propelled by the nearly 10-percent increase in DHL’s overland transport business.
“Even though air and ocean freight revenues came under pressure in the second half of the year as market growth slowed considerably, all business units contributed to the overall increase,” according to the press release.