Revenues reached 60.763 billion euros, a decline of 1.2%. By division, express shipments fell by 2.3% to 17.862 billion euros, while the freight transport division recorded 13.956 billion euros, a decrease of 4%.
The supply chain branch generated 12.975 billion euros, down 1%, while the universal postal and parcel service provided by the company in Germany increased by 2.7% to 12.820 billion euros. E-commerce amounted to 5.104 billion euros, up 3.2%.
Total expenses, including operating costs, personnel, depreciation, amortization, and other items, amounted to 56.486 billion euros, a decrease of 1.7%.
Net debt grew by 12%, reaching 21.279 billion euros at the end of September.
In the third quarter alone, DHL’s profits were 840 million euros, and the business volume was 20.128 billion euros, marking an increase of 11.9% and a decrease of 2.3%, respectively.
“Despite the instability, we have improved our results for four consecutive quarters. This is the result of our proactive management and structural cost improvements,” stated DHL’s CEO, Tobias Meyer.
The group maintained its forecasts for 2025, a year in which it anticipates earnings before interest and taxes (EBIT) to be equal to or exceed six billion euros.
DHL announced in March the cut of 8,000 jobs in its mail and parcel team in Germany, aiming to save more than one billion euros. The announcement coincided with the presentation of the 2024 results, when profits fell by 9.3% to 3.332 billion euros.
The German company framed the adjustment within its strategic program to improve efficiency and cost base by 2030. This program foresees a series of measures affecting all DHL units, to be fully implemented by 2027.
