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Deutsche Post DHL Group ends 2021 on a high, posts record earnings

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Logistics Update Africa News
Deutsche Post DHL Group ends 2021 on a high, posts record earnings

Deutsche Post DHL Group, the world's leading logistics company has delivered profitable growth during the past financial year. The Group revenue was up 22.5 percent year on year to EUR 81.7 billion, which is the highest revenue figure in the group's history. While all five business units contributed to record business performance, the demand for the Group's logistics solutions reached a new all-time high last year. This was driven by the significant increase in global trade and continued strong e-commerce with further growth in shipment volumes. That in turn enabled the more efficient utilization of network capacities.


The rapid pace of development led to record earnings of EUR 8.0 billion (2020: EUR 4.8 billion) and an EBIT(Earnings before Interest & Taxes) margin of 9.8 percent (2020: 7.3 percent). The Group was thus more profitable than ever before. "We have demonstrated our full strength in demanding times and achieved a new revenue and earnings record. Never before has Deutsche Post DHL Group transported so much freight, express shipments, and parcels world wide. We also make an important contribution to society through vaccine logistics," said Frank Appel, CEO of Deutsche Post DHL Group.



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