DHL Group reported revenue of €20.3 billion for the first quarter of 2024 (Q12023: €20.9 billion) as there was no significant upturn in the global economy. "As anticipated, the operating profit (EBIT) of €1.3 billion was below the previous year’s level (Q12023: €1.6 billion) but exceeded the same period of the pre-pandemic year 2019 (Q12019: €1.2 billion)," says an official release. Tobias Meyer, CEO, DHL Group says: "We are in an unusually long phase of low momentum in global trade. In this environment, we continue to focus on consistent capacity and cost management. However, we also see further growth potential. The demand for omnishoring and e-commerce solutions remains high and our customers are becoming increasingly aware of sustainable logistics – we can clearly see this in the demand for GoGreen Plus. With our portfolio, we are ideally positioned to benefit from an upturn in global trade. Despite all the challenges, 2024 is a year of opportunities."
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