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- The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6 million) on group revenues of 14.6 billion euros for the quarter, according to the company’s most recent financial statements.<\/strong><\/span><\/li>\n
- Deutsche Post DHL Group closed out the quarter with 521,987 employees.<\/strong><\/span><\/li>\n<\/ul>\n
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\nD<\/span>eutsche<\/strong> Post DHL Group had consolidated net profits of 669 million euros (U.S. $777.6 million) for the third quarter of 2017, ticking up 1.7 percent from the third quarter of 2016, according to the company\u2019s latest financial statements.<\/span><\/p>\n<\/div>\n
<\/div>\nThe Bonn, Germany-based parcel carrier and logistics provider recorded group revenues of 14.6 billion euros for the quarter, up 5.6 percent year-over-year, with all four divisions \u2013 post-e-commerce-parcel, express, global forwarding and freight, and supply chain \u2013 contributing to the increase.<\/span><\/div>\n<\/div>\nThe post-e-commerce-parcel division\u2019s revenues totaled 4.3 billion euros for the quarter, rising 6.9 percent year-over-year, fueled by the e-commerce-parcel business unit.<\/span><\/div>\n<\/div>\n\n\n<\/div>\n<\/div>\n![](\"https:\/\/www.americanshipper.com\/Uploads\/Public\/2017_11_09_dhl_twitter_card.jpg\")
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Meanwhile, the express division\u2019s revenues reached 3.6 billion euros, increasing 8.5 percent from the third quarter of 2016.\u00a0<\/span><\/p>\n
Revenues in the global forwarding, freight division stood at 3.5 billion euros for the quarter, rising 5.1 percent year-over-year. Global forwarding airfreight volumes rose 8 percent since last year\u2019s third quarter, while ocean freight volumes ticked up 8.5 percent.<\/span><\/p>\n
The supply chain division\u2019s revenues also reached 3.5 billion euros during the quarter, ticking up 2.3 percent from last year\u2019s third quarter.<\/span><\/p>\n
In early July, Deutsche Post DHL acquired an 80 percent interest in Brazil-based Olimpo Holding S.A., along with its subsidiaries, Polar Transportes Ltda. And Rio Lopes Transportes Ltda., for 47 million euros, 45 million euros of which were paid in July.<\/span><\/p>\n
These companies specialize in temperature-controlled transport for the life sciences and healthcare sector. The remaining 20 percent interest will be acquired over the next two years in 10 percent increments.<\/span><\/p>\n
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“The future results of the company will determine the purchase price for the remaining shares and the payment will be made in several tranches,” Deutsche Post DHL said.<\/span><\/p>\n
In August, Deutsche Post DHL Group struck a deal to sell Williams Lea Tag, its London-based marketing and communications supply chain services provider, to private equity firm Advent International. The goal is to close the deal in the fourth quarter of this year.<\/span><\/p>\n
Overall, for the first nine months of 2017, Deutsche Post DHL Group recorded a consolidated net profit of 2 billion euros on group revenues of 44.3 billion euros, ticking up 3.8 percent and 5.8 percent, respectively, from the corresponding 2016 period.<\/span><\/p>\n
As of Sept. 30, Deutsche Post DHL had a total of 521,987 employees, including trainees.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n
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With reports from American Shipper<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0Frank Appel was December 2016 voted to continue as Deutsche Post-DHL group chief executive until October 2022.\u00a0 He was credited with shaping the group\u2019s Strategy 2015, which has effectively unlocked the company\u2019s revenue and profit potential.\u00a0Photo: The Loadstar The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6…<\/p>\n","protected":false},"author":2,"featured_media":6328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,61,47,62],"tags":[],"_links":{"self":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/6327"}],"collection":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=6327"}],"version-history":[{"count":10,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/6327\/revisions"}],"predecessor-version":[{"id":6338,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/6327\/revisions\/6338"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/6328"}],"wp:attachment":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=6327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=6327"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=6327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Deutsche Post DHL Group closed out the quarter with 521,987 employees.<\/strong><\/span><\/li>\n<\/ul>\n