Profit up at Deutsche Post DHL in Q2

Profit was up at major German package delivery and logistics firm Deutsche Post DHL in the second quarter compared to the same period of last year, reported dpa.

Deutsche Post DHL reported on Friday that its second quarter net profit after non-controlling interests increased to €1.5 billion ($1.53 billion) from last year's €1.3 billion, with earnings per share improving to €1.17 from €1.02 in the previous year.

Operating profit, or earnings before interest and taxes (EBIT), was €2.3 billion up from €2.1 billion in the prior year.

Quarterly revenue increased 23.4% year-on-year to €24.0 billion.

The group confirmed its 2022 EBIT guidance of €8 billion (plus or minus 5%) even in consideration of a possible global economic downturn in the second half of 2022.

The group also confirmed its mid-term EBIT guidance of around €8.5 billion for 2024.