Deutsche Post DHL Group has announced that it has taken important steps toward its long-term business plan Strategy 2020 after it released its second quarter (Q2) figures for 2015.
The figures show that the group’s revenue for Q2 increased by 1bn (US$1.1bn) to 14.7bn (US$16.2bn), a 7.3% increase year-on-year. DHL’s earnings before interest and taxes (EBIT) also declined by 18.1% to 537m (US$592m) for the same period. The group further strengthened its Q2 results by reaching a sustainable wage agreement with staff of its newly formed DHL Delivery division, despite taking an estimated 100m (US$110m) hit on its EBIT due to strike action.
Frank Appel, CEO, Deutsche Post DHL Group, said, “After the successful execution of Strategy 2015, the current year represents a year of transition. In the second quarter we worked very hard and took important steps toward the successful implementation of our Strategy 2020. With that, we want to ensure the long-term, profitable growth of the group. To achieve this, we have recorded some short-term impact on our results. At the same time, we are convinced that these measures will contribute to accelerated earnings growth in the next year and enable us to achieve all our targets set for 2016 and beyond.”
August 11, 2015