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Finance & Economics

DHL saw revenue increase due to 2020’s e-commerce boom

Mar 10, 2021

This growth was primarily driven by the global e-commerce boom

DHL

DHL saw revenue increase due to 2020’s e-commerce boom . Source: logistics.dhl

Deutsche Post DHL Group saw its revenue increase by 5.5% to €66.8 billion in 2020, Ecommerce News report. The pandemic measures worldwide led to higher parcel volumes.

The logistic company‘s operating profit increased by 17.4% to over €4.8 billion in 2020. This clearly exceeds DHL’s previously adjusted earnings target of €4.1 to €4.4 billion. DHL says 2020 was an exceptionally challenging year.

Our services were in demand more than ever. We not only posted record earnings but also created 20,000 new jobs worldwide. This way we are strengthening our profitability and our resilience against global economic turbulence. Deutsche Post DHL Group is thus well positioned to continue growing profitably in the coming years
Frank Appel, CEO 

We’ve reported that DHL’s startup makes its global launch.

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