Confirms FY guidance (Il Sole 24 Ore Radiocor) - Berlin, 07 May - The German postal and logistics group DHL Group said that in the first quarter EBIT fell to 1.3 billion euros from 1.6 billion a year earlier as revenue slipped to 20.3 billion from 20.9 billion.

Net profit after non-controlling interests fell to 743 million euros in the first three months from 911 million. The basic earnings per share amounted to 0.63 euros, down from 0.76 euros in the first quarter of 2023.

The free cash flow dropped to 608 million euros from 983 million a year earlier.

The company confirmed its full-year forecast of an EBIT of 6.0-6.6 billion euros.

"We are in an unusually long phase of low momentum in global trade. In this environment, we continue to focus on consistent capacity and cost management. However, we also see further growth potential. The demand for omnishoring and e-commerce solutions remains high and our customers are becoming increasingly aware of sustainable logistics - we can clearly see this in the demand for GoGreen Plus. With our portfolio, we are ideally positioned to benefit from an upturn in global trade. Despite all the challenges, 2024 is a year of opportunities," said the CEO, Tobias Meyer.

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(RADIOCOR) 07-05-24 16:46:51 (0631) 5 NNNN