DHL Parent Sticks to Guidance Despite Subdued Conditions

By Dominic Chopping

DHL parent Deutsche Post backed its full-year financial guidance despite expecting a subdued macroeconomic environment ahead.

The German logistics company--also known as DHL Group--said it was able to offset continued volatility in trade volumes during the quarter through managing capacity combined with cost-efficiency measures and price adjustments.

Ahead of the year-end peak season, DHL Group said it expects a typical seasonal increase in e-commerce deliveries to consumers in the fourth quarter.

The group continues to expect a subdued macroeconomic environment, but still expects to report positive earnings development, it said.

It still targets an operating profit of at least 6 billion euros ($6.90 billion) and free cash flow of around 3 billion euros, assuming no further potential escalation in tariffs or trade policies.

New import regulations for low-value shipments into the U.S., which have been in effect since August, have so far had only a limited impact on the group's earnings, it added.

The group made a net profit of 840 million euros in the third quarter, compared with 751 million euros in the same period last year.

Revenue fell 2.3% to 20.13 billion euros while operating profit grew 7.7% to 1.48 billion euros.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

11-06-25 0138ET