DHL posts exceptional numbers
News: DHL group (BlueDart Express parent entity) has posted highest ever revenue (up 23% to €82 billion and EBIT (up 67% to €8 billion) in CY21. The group has invested capex (€3.9 billion) towards modernising express segment aircraft fleet, expanding domestic and international parcel infrastructure.
Views: The group expects the momentum to continue in CY22 (EBIT guidance remains at €8 billion) and expects e-commerce to continue its structural growth after a phase of normalisation. However, the impact of conflict in Eastern Europe on the global transportation market is hard to assess.