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E-commerce boom lifts DHL

[ November 10, 2020   //   ]

Deutsche Post DHL Group saw strong growth in the third quarter of 2020. In an economic climate dominated by Covid-19, revenue grew by 4.4% to €16.2 billion while ‘organic’ revenue – after adjusting for portfolio and currency effects – was up by 9.0%.

The group says it has benefitted from the surge in global e-commerce activities with its Post & Parcel Germany and DHL eCommerce Solutions divisions reporting especially pronounced growth in shipment volumes. Volumes also surged in the time-definite international Express business across all regions, which allowed the Group to utilize its network very well. Deutsche Post DHL Group increased operating profit (EBIT) by approximately 50% compared with the prior year to €1.4 billion.

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