Group revenue rises to EUR 22.6 billion in the first quarter; strong demand for transport services continued, while capacity remains constrained.

Group revenue rises to EUR 22.6 billion in the first quarter; strong demand for transport services continued, while capacity remains constrained
Global B2B business major growth driver: EBIT improved to EUR 2.2 billion
Free cash flow adjusted for acquisitions with EUR 1.1 billion on prior year's record level
Balanced portfolio proves resilient despite economic uncertainty; financial targets for 2022 through 2024 confirmed
CEO Frank Appel: "We had a good start to the year and once again demonstrated the strengths of our portfolio in a challenging environment."
Bonn - Deutsche Post DHL Group, the world's leading logistics company, continued its successful growth trajectory in the first quarter of 2022 despite global challenges. Revenue improved by 19.8 percent to EUR 22.6 billion. Following the significant jump in earnings in financial year 2021, the Group also recorded an excellent opening quarter 2022 with operating profit (EBIT) of EUR 2.2 billion (Q1 2021: EUR 1.9 billion). The Group successfully balanced higher energy prices and transport costs. At 9.6 percent, the EBIT margin was at a comparable level with the previous year (Q1 2021: 10.1 percent).

Outlook: short- and medium-term targets confirmed

The Group continues to expect EBIT of EUR 8.0 billion (+ / - 5 percent) in the current financial year. For 2024, the company continues to forecast an increase in EBIT to around EUR 8.5 billion. The short- and medium-term outlook for the development of free cash flow and gross capital expenditures (capex) was also confirmed. Excluding acquisitions, the Group expects free cash flow of EUR 3.6 billion (+ / - 5 percent) in the current year, with a cumulative free cash flow forecast of around EUR 11 billion for the period 2022 to 2024. The outlook for capex in 2022 remains at around EUR 4.2 billion and for the period 2022 to 2024 at around EUR 12 billion.

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