In Q3 2024, DHL Group recorded revenue growth of 6.2% to €20.6 billion (Q3 2023: €19.4 billion). Operating profit (EBIT) remained at the same level as the previous year at €1.37 billion, in line with market expectations and significantly above the pre-pandemic level.
Despite challenging market conditions, declining B2B volumes and falling margins in the air freight market, the company has adjusted its full-year EBIT forecast to €5.8 billion (previously €6.0–6.6 billion). Free cash flow amounted to €723 million, below the previous year’s level but significantly above the 2019 level.
DHL Group CEO Tobias Meyer said the company had achieved strong revenue growth and stabilised earnings, emphasizing the importance of providing a high level of customer service ahead of the peak season.