Deutsche Post DHL posted a much higher profit last year. The company boosted revenue and benefited from cost-effective reorganisations at the mail and package delivery division in Germany. For this year, the group is warning about the effects of the new corona virus.
The profit increased by 26 percent last year to 2.6 billion euros. At 63.3 billion euros, sales were nearly 3 percent higher. For this year Deutsche Post expects an operating profit of more than 5 billion euros, compared to 4.1 billion euros last year. In addition, larger disappointments due to the corona virus have not yet been taken into account than have been calculated.
The virus outbreak took a hapt in February of 60 million to 70 million euros from the operational profit. The company sees the delivery volumes in China pick up again. At the same time, the virus is expected to hit economic growth, which has repercussions on logistics service providers such as Deutsche Post.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.
