Q2 2024 Deutsche Post AG Earnings Call Transcript
Key Points
- DHL Group (DHLGY) confirmed its full-year guidance, indicating confidence in meeting market expectations.
- Ocean freight volumes maintained mid-single-digit growth rates, showing resilience in the B2B segment.
- The supply chain division reported strong performance with EBIT slightly ahead of the high base from Q2 2023.
- Digital e-commerce division saw strong B2C volume growth, confirming the structural shift towards online shopping.
- Parcel revenue growth in the P&P division was 8.5%, supported by strong cost control and good yield management.
- B2C express volumes were down 8% year-over-year, reflecting yield measures on China e-commerce and indicating potential challenges in this segment.
- The global TDI weight load factor, although improved sequentially, remains at a rather low level compared to historical standards.
- The new postal law, while providing some operational flexibility, also includes drawbacks that could impact the P&P division.
- The full-year EBIT guidance implies a significant acceleration in the second half, raising concerns about the feasibility of achieving this target.
- The introduction of a demand surcharge in express, effective September 15, may face resistance from customers and could impact volume growth.
Ladies and gentlemen, thank you for standing by. I'm Saagar, your Chorus Call operator. Welcome and thank you for joining the DHL Group conference call. Please note that the call will be recorded. You can find the privacy notice on DHL.com.
(Operator Instructions) I would now like to turn the conference over to Martin Ziegenbalg, Head of IR. Please go ahead.
Well, thank you and a warm welcome and good morning to all of you here from a sunny summer morning in Bonn. Numbers are out. You got it in front of you. As invited, we got our CFO, Melanie Kreis with us. And let's start with your presentation right away, Melanie?
Yeah. Thank you very much, Martin, and hello to all of you. Welcome also from my side. Thank you for taking the time for us today on a busy reporting day. Let me start as usual with the main takeaways on page 2. I think the very short version
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
