DHL group reported results. In Q2 it generated revenues of EUR 20.09 billion, down 16.4% yoy. Net profit of EUR 978 million, down 33% yoy. I expected a decline, but was surprised to see that net profit actually fell by more than 30%. The biggest impact on the result was the 40.7% drop in sales in the global shipments and freight segment.
One of the fastest growing investor communities in Europe
Comprehensive data and information on thousands of stocks from around the world
Current information from global markets and individual companies
Education and exchange of investment experience among investors
Fair prices, portfolio tracker, stock screener and other tools
All data provided on Bulios is provided for informational purposes only, and is not intended for trading or investing purposes. Find out more
© Bulios 2024
Wow, that's quite a descent...
I see they own Czech PPL, I didn't know that. The drop is really big. Maybe it was a bit expected because of the cooling compared to the covid, but still...
The stock is obviously reacting a lot to this. They've been pretty high for a company that has these results. At least they're getting closer to a more attractive valuation :)
A 33% year-over-year drop in net income is quite a lot. I see the stock is down 4% today, but for the year it's up over 20%, which is quite nice.