DHL Q2 profit beats expectations on cost discipline

Reuters
08-05
DHL <a href="https://laohu8.com/S/QTWO">Q2</a> profit beats expectations on cost discipline

Aug 5 (Reuters) - German logistics giant DHL DHLn.DE reported higher than expected second-quarter operating profit on Tuesday, as strict cost discipline helped to overcome currency headwinds and slower trade volumes momentum.

The company posted a quarterly earnings before interest and tax $(EBIT)$ of 1.43 billion euros ($1.65 billion), above analysts' forecast of 1.33 billion euros in a company provided consensus.

Despite the profitability beat, DHL's quarterly revenue fell 3.9% from a year earlier to 19.83 billion euros, below analysts' forecast of 21.01 billion euros.

The German logistics giant confirmed its guidance for operating profit of at least 6 billion euros in 2025 and said it expected annual free cash flow excluding M&A of around 3 billion euros. The forecast does not account for potential impacts from changes in tariff or trade policies, it added.

($1 = 0.8654 euros)

(Reporting by Matthias Inverardi and Anastasiia Kozlova; editing by Miranda Murray)

((Anastasiia.Kozlova@thomsonreuters.com; Matthias.Inverardi@thomsonreuters.com))

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