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DHL holds 'solid' in volatile environment

November 8 - Releasing financial figures for the third quarter of 2012 Frank Appel, ceo of logistics services giant Deutsche Post DHL, commented that despite challenging market conditions, the group delivered "a solid performance in the third quarter and

He said the growth trend remains intact with third-quarter revenues, supported by favorable exchange rate effects, up nearly six percent at EUR13.8 billion (USD17.62 billion) while operating earnings came in slightly below last year's level at EUR604 million (USD771 million).

Appel revealed that DHL Express "experienced strong growth in the volume and revenues of international time-definite shipments"; DHL Global Forwarding, Freight saw double-digit growth in ocean freight as a result of rising volumes and higher freight rates; and the DHL Supply Chain business recorded a 10 percent increase in revenue "with strong growth in the Automotive, and Life Sciences and Healthcare sectors.

He remarked: "At the same time, it is clear that our commercial environment has become increasingly volatile. Our customers are not immune to the current economic turmoil, nor are we. It is time, therefore, to intensify our efforts to meet customer needs and further improve our efficiency."

www.dhl.com
    

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