Deutsche Post DHL Group show strong development in second quarter

posted on 8th July 2020 by Eddie Saunders
Deutsche Post DHL Group show strong development in second quarter

Deutsche Post DHL Group significantly increased earnings in Q2 2020 despite Covid-19.  Operating profit (EBIT) improved by around 16% to around EUR 890 million. Adjusted for one-off effects in the previous year and in the current year, operating profit came in around 25% above the prior-year figure.

We have navigated our company through this crisis very well so far. We owe this to our committed colleagues worldwide. Only through the tireless efforts of our teams have we managed to keep supply chains up and running and thus maintained the worldwide supply“, said Frank Appel, CEO Deutsche Post DHL Group. “Our fundamental strength and resilience as a Group has paid off in recent months: With our broad portfolio of leading logistics services, we have the right business model to form the backbone of global trade.”

As an appreciation for their efforts during the last months under the Covid-19-pandemic the Group has decided to grant a special one-time bonus of EUR 300¹ to employees worldwide. This one-time bonus payment will be carried out in the coming months and is aimed at colleagues in all divisions and in all countries. Excluded are Executives. In total, the Group will grant one-time bonus payments of around EUR 200 million, which will be booked in the third quarter 2020.

Deutsche Post DHL Group is going to hold its Annual General Meeting on August 27, 2020 in a virtual online format. The Group proposes a dividend of €1.15 per share, which is stable compared to last year.

Our strategy is focused on achieving three bottom lines: We want to be the provider, employer and investment of choice. Our success during the past months of the crisis is based on balancing these goals in everything we do. We have therefore decided to pay a dividend at the previous year’s level to our shareholders and a special bonus for our employees“, said Frank Appel