Deutsche Post DHL Group saw its revenue increase by 5.5% to €66.8 billion in 2020. After adjusting for portfolio and currency effects, organic revenue growth came in at an even more substantial 8.5%. The growth was primarily driven by the global e-commerce boom, which was a result of COVID-19. Ultimately, this led to considerably higher shipment volumes in the parcel and express business.
The logistic company‘s operating profit increased by 17.4% to over €4.8 billion in 2020. This clearly exceeds DHL’s previously adjusted earnings target of €4.1 to €4.4 billion.
“2020 was an exceptionally challenging year for Deutsche Post DHL Group. Our services were in demand more than ever. We not only posted record earnings, but also created 20,000 new jobs worldwide. This success didn’t come from nowhere. It is the result of years of hard work by our entire organization. We focused on our profitable core logistics businesses by consistently aligning our company towards e-commerce and investing in our logistics network and digitalization. This way we are strengthening our profitability and our resilience against global economic turbulence. Deutsche Post DHL Group is thus well positioned to continue growing profitably in the coming years”, said Frank Appel, CEO of DHL.
The logistics company made significant progress not just with its financial results, but also in terms of environmental protection, CO2 efficiency and social responsibility.
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