dhl
German logistics firm DHL says the current year has the potential to see accelerated growth in global trade, the company said in a report released on Wednesday. After reaching a record high in 2022, the share of global economic output attributable to international trade weakened last year. But DHL, which is based in the western German city of Bonn, said trade is now likely to pick up again. Despite the increased geopolitical risks, DHL's Global Connectedness Report does not envision a shift towards regionalization and shorter supply chains. The regular report from DHL analyses international tr...
DPA Breaking News
German logistics group DHL recorded an even greater drop in profits than expected last year. Operating earnings before interest and taxes (EBIT) plummeted by around a quarter to just over €6.3 billion ($6.84 billion), the DAX-listed company announced in Bonn on Wednesday. Net profit for 2023 slumped by almost a third to just under €3.7 billion. Shareholders are nevertheless to receive an unchanged dividend of €1.85 per share for the financial year. The share buyback programme is to be extended until 2025 and increased by €1 billion to €4 billion. However, DHL chief executive Tobias Meyer has n...
DPA Breaking News
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