DHL Group Backs Guidance Despite Expecting Continued Uncertainty — Update
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DHL Group, parent company Deutsche Post, maintains its earnings guidance for 2023, expecting at least 6.2 billion euros in EBIT despite ongoing geopolitical uncertainties. CEO Tobias Meyer highlighted the company's resilience and efficiency measures. DHL is implementing a cost reduction program aiming for 1 billion euros in savings by 2027. While express shipping and supply chain units saw EBIT increases, other sectors faced declines. The company reported a net profit of 812 million euros in Q1, up from 786 million euros, but revenue fell 1.9% to 20.42 billion euros, below forecasts.
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