Deutsche Post DHL reported its profit in the second quarter of 2013 was €422 million (about US$562.2 million), improving from €196 million in the second quarter of 2012.
Quarterly revenue was €13.6 billion, slipping 0.6 percent compared with the same period last year. The dip was driven by the negative exchange rate and other “inorganic” effects, according to the post and logistics company. Adjusted for these factors, revenue increased nearly 2 percent year-over-year in the second quarter, resulting from continuing volume and revenue gains driven by the parcel segment in Germany, the international express business and the supply chain division, Deutsche Post DHL said.
Second-quarter revenue from the mail division rose 4.4 percent year-over-year to €3.4 billion, fueled by revenue gains from the global mail business, and parcel revenue increased 9 percent to €867 million. As a result, the parcel business generated more than one-fourth of total revenue in the mail division.
Revenue from the express division was basically flat in the second quarter, compared with the second quarter of 2012, at €3.2 billion. However, revenue reported last year included the results of the domestic express businesses in Australia, New Zealand and Romania that the company has since sold. Adjusted for this disposal effect and negative exchange rate developments, revenue rose by 4 percent year-over-year.
The global freight forwarding division’s revenue dropped by 6.3 percent in the second quarter to €3.7 billion, versus last year’s second quarter, as volume and revenue in air freight fell primarily because of weak demand in the technology and engineering and manufacturing sectors, the company said.
Additionally, revenue from the supply chain division rose to €3.6 billion, fueled in particular by gains in the Asia-Pacific region, as well as the automotive, retail and consumer sectors, according to Deutsche Post DHL.
“Given the economic challenges we continue to face, we can be satisfied with our solid performance in the second quarter,” said Frank Appel, CEO of Deutsche Post DHL, in a written statement.
In the first half of the year, profit rose 27 percent from €725 million in 2012 to €920 million in 2013. From January to June, revenue remained at the previous year’s level at €27.1 billion. Adjusted for negative exchange rate and other inorganic effects, revenue would have risen by 1.7 percent year-over-year.