Continuing demand weakness hammered German logistics giant DHL’s Q2 revenues, with its forwarding division bearing the brunt of the bad news.
Group revenue dropped 16%, to €20.1bn ($22.07bn), for the three months to June, some €1.5bn short of analysts’ expectations, leading to a 27% drop in operating profit, to €1.69bn, with CFO Melanie Kreis blaming post-pandemic effects.
On an investor call, she said: “We all knew that normalisation would come after an …
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