DHL owner Deutsche Post reports 25% decline in full-year profits due to global economic slump, with no recovery expected in 2023.

DHL owner Deutsche Post expects no recovery this year as it reported a 25% decline in full-year profits, citing a slump in the global economy. Shares in the company fell due to the underwhelming performance, with earnings before income and tax (EBIT) predicted to land between €6 billion and €6.6 billion in 2024. The company anticipates positive global economic momentum in the second half of 2024, but does not foresee a broad economic upturn in the first half.

March 06, 2024
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