Deutsche Post DHL Group increases 2022 earnings guidance

Deutsche Post DHL Group increased its third quarter 2022 revenue by 20 percent to €24 billion, operating profit (EBIT) improved over 15 percent to €2 billion and EBIT margin at 8.5 percent was slightly below the prior-year level (Q32021: 8.8 percent). "Even in a weakening macroeconomic environment, the Group was able to efficiently utilize its global networks thanks to flexible structures and close cooperation between the divisions. Returning growth in the domestic parcel business and the ongoing trend towards e-commerce also contributed to this," says an official release.