DHL Group has announced its revenue has grown by three per cent year-on-year to close FY25 at EUR 84.2 billion.
Revenue also increased 6.4 per cent to EUR 22.7 billion in the fourth quarter, while EBIT rose 12.9 per cent to EUR 1.9 billion in the same period.
Despite the revenue increase EBIT remained 7.2 per cent below the prior-year figure at EUR 5.9 billion, but well above pre-pandemic levels of EUR 4.1 billion registered in 2019.
“We increased our revenue in 2024 despite the challenging environment,” CEO of DHL Group Tobias Meyer says.
“In a strong fourth quarter with good quality service quality for our customers we achieved substantial revenue and earnings growth.
“We expect the global political and economic situation to remain volatile in 2025. However, we want to continue growing in this environment and are focused on the measures we can control.
“We are actively increasing our efficiency and accelerating our sustainable growth ambitions.”
Despite the overall revenue increase it has been announced DHL plans to cut 8000 jobs in its home market of Germany in what is the company’s biggest staff reduction program in at least 20 years.
The planned job cuts accounts for 1.3 per cent of DHL’s global workforce, which stands at a total of roughly 602,000 employees in over 220 countries and territories.
DHL says the job cuts are part of its ‘Fit for Growth’ program aiming to improve operational efficiency.
“This program is part of the 2030 strategy, by which the company aims to become leaner and more efficient overall,” a company statement reads.
“Through ‘Fit for Growth’, the Group aims to structurally improve its cost base by more than EUR 1 billion.
“The Group-wide program includes various measures across all business units and we will realise the full impact in the 2027 financial year.
“At Post & Parcel Germany around 8000 positions will be reduced in a socially responsible manner as part of ‘Fit for Growth’.”
DHL Group has also reported consolidated of net profit after non-controlling interests of EUR 3.3 billion and a stable dividend of EUR 1.85 per share for its shareholders.
Read more ATN:
Daimler Truck names Dealer of the Year
Isuzu appoints new light-duty leader
TWAL opens Young Gunnette nominations