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E-commerce boom: Deutsche Post is growing at a record pace

2021-05-05T23:23:37.901Z

Deutsche Post is benefiting from the growing parcel volume in the corona crisis. The sales record in the first quarter should be followed by more.



Enlarge image

DHL parcel center in Sülzetal: development accelerated by a few years

Photo: Klaus-Dietmar Gabbert / dpa

Deutsche Post is rushing from record to record due to the booming parcel business in the increasing world trade.

"We had the best first quarter ever," said CEO Frank Appel on Wednesday.

After a jump in profits and sales from January to March, the group screwed up its forecast for 2021.

Appel also raised the medium-term goals.

For 2021, the group now expects an operating profit (EBIT) of more than 6.7 billion euros - previously it had forecast around 5.6 billion euros.

For 2023, the Bonn-based company is expecting an EBIT of more than seven billion euros, after more than six billion euros had previously been forecast.

"The pandemic accelerated the development of e-commerce by a few years," said Kreis.

more on the subject

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In the German market alone, the group delivered 489 million parcels - this corresponds to the quantities in the fourth quarter of 2020 with the important Christmas business.

The operating profit (EBIT) climbed in the group from January to March to 1.9 billion euros - after 592 million euros in the same quarter of the previous year.

The bottom line was that Swiss Post quadrupled its profit to around 1.2 billion euros (previous year: 301 million euros).

Sales rose by 22 percent to 18.86 billion euros.

But it is not only Swiss Post that is benefiting from the parcel boom.

Competitor UPS was even able to increase its sales by 27 percent to around 22.9 billion dollars in the first quarter.

The operating result of the US group was in comparison to the same quarter last year by 158 percent to 2.8 billion dollars in the amount.

The US rival FedEx had recently posted an increase in profits.

The lockdown in the corona crisis had given online retail a decisive boost. The logistics companies expect the trend to continue even after the pandemic. But world trade is also currently picking up again. That plays into the cards of logisticians worldwide.

Source: spiegel

All business articles on 2021-05-05

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