BERLIN (Reuters) -German logistics company DHL on Wednesday posted higher sales and earnings in the first quarter, a period dominated by tensions over U.S. import tariffs that could both help and hinder the group’s bottom line. Group revenues increased by 2.8% year on year to 20.8 billion euros ($23.66 billion) and earnings before interest and […]
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German logistics group DHL posts higher earnings in Q1 but cautious on trade
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BERLIN (Reuters) -German logistics company DHL on Wednesday posted higher sales and earnings in the first quarter, a period dominated by tensions over U.S. import tariffs that could both help and hinder the group’s bottom line.
Group revenues increased by 2.8% year on year to 20.8 billion euros ($23.66 billion) and earnings before interest and taxes (EBIT) were up 4.5% at 1.4 billion euros. This was largely in line with analysts’ expectations, according to a company-provided poll.
DHL maintained its guidance for the full year, forecasting an operating result of at least 6 billion euros.
However, this outlook does not cover potential changes in tariff or trade policies, it said in a statement, adding that “such changes could have substantial negative but also positive effects for DHL Group”.
($1 = 0.8790 euros)
(Reporting by Matthias Inverardi, Writing by Rachel More, editing by Kirsti Knolle)