DHL Q2 profit beats expectations on cost discipline
Aug 5 (Reuters) - German logistics giant DHL DHLn.DE reported higher than expected second-quarter operating profit on Tuesday, as strict cost discipline helped to overcome currency headwinds and slower trade volumes momentum.
The company posted a quarterly earnings before interest and tax (EBIT) of 1.43 billion euros ($1.65 billion), above analysts' forecast of 1.33 billion euros in a company provided consensus.
Despite the profitability beat, DHL's quarterly revenue fell 3.9% from a year earlier to 19.83 billion euros, below analysts' forecast of 21.01 billion euros.
The German logistics giant confirmed its guidance for operating profit of at least 6 billion euros in 2025 and said it expected annual free cash flow excluding M&A of around 3 billion euros. The forecast does not account for potential impacts from changes in tariff or trade policies, it added.
($1 = 0.8654 euros)
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