DP-DHL CEO Frank Appel. Photo by Deutsche Post-DHL\/Bernd Georg
\nWhile reporting record profits for the 2016 fiscal year, and it\u2019s best-ever performance in the fourth quarter, Deutsche Post-DHL\u2019s exuberance over its end-of-year report was tempered a bit by its airfreight performance. The integrator\u2019s DHL Global Forwarding (DHL-GF) arm, which happens to be the world\u2019s largest forwarder of air cargo, saw volumes drop 1.3 percent, year-over-year, to about 2 million tonnes for 2016.
\nOverall revenues for DHL-GF fell by 7.7 percent, y-o-y, in 2016 to \u20ac13.7 billion, but earnings before interest and tax (EBIT) rose sharply to \u20ac287 million in 2016, compared to a loss of \u20ac181 million in 2015, reflecting the write-off of DP-DHL\u2019s failed \u20ac336 million IT system at the end of that year.
\nIn the fourth quarter, DHL-GF\u2019s performance showed stronger signs of health. The company saw airfreight demand increase by 5.7 percent, y-o-y, to 578,000 tonnes. However, \u201cthe upward trend was not reflected in revenue performance due to generally still-low selling rates in air and ocean freight,\u201d the company said. \u201cAt the same time, the Group experienced a substantial increase in buying rates, which had a negative impact on fourth-quarter gross profit.\u201d
\nWhile revenue was basically flat, rising by just 0.5 percent, total DP-DHL net profit in Q4 rose by 25 percent, y-o-y, to reach \u20ac841 million. EBIT, or operating profit, reached \u20ac1.1 billion, a y-o-y increase of 16.1 percent, which is the best quarterly performance the company has ever reported for the October to December period. Most of the earnings came from a 36.4 percent surge from DHL Express, which took in \u20ac435 million during that period.
\nFor the full year, DP-DHL was even more impressive, with a 2016 net profit skyrocketing by 71.4 percent to \u20ac2.64 billion, compared t0 2015, and EBIT spiked by 44.8 percet to \u20ac3.49 billion. Again, however, total revenue for the year was down by 3.2 percent to \u20ac57.33 billion.
\nFor the rest of the year ahead, DP-DHL predicted moderate growth in the global economy over the next nine months, but remained optimistic about its own growth. \u201cEarnings are expected to increase significantly, with additional divisional operating improvements,\u201d said DP-DHL CFO Melanie Kreis.
\nDP-DHL also forecasted a rise in group EBIT to \u20ac3.75 billion \u2013 \u20ac2.6 billion of which would come from DHL\u2019s divisions. While impressive on paper, this rate of growth is still slightly short of the necessary 8 percent y-o-y increase required for the group to achieve its 2020 forecasts.
\nNevertheless, DP-DHL\u2019s buoyant CEO Frank Appel said he remained confident that the group will achieve the target\u00a0it set itself in 2013. \u201cWe\u2019ve not only seen a strong increase in net profit, but a high level of motivation among staff,\u201d he said. \u201cThis has brought about increased customer satisfaction.\u201d
\nAppel also noted that the DP-DHL\u2019s overall results were further justification for the embrace of globalization, despite the protectionist and isolationist winds blowing through parts of Europe and from across the Atlantic from the Trump administration. \u201cGlobalization is a success concept,\u201d he said. \u201cThere is no country in the world that succeeded with protectionism, but\u00a0many have succeeded through open markets.\u201d
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
DP-DHL CEO Frank Appel. Photo by Deutsche Post-DHL\/Bernd Georg While reporting record profits for the 2016 fiscal year, and it\u2019s best-ever performance in the fourth quarter, Deutsche Post-DHL\u2019s exuberance over its end-of-year report was tempered a bit by its airfreight performance. The integrator\u2019s DHL Global Forwarding (DHL-GF) arm, which happens to be the world\u2019s largest[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":2299,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=2298"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media\/2299"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=2298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=2298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=2298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}