Deutsche Post AG Deutsche Post AG sees strong Q3 2021
October 07 2021 - 10:02AM
RNS Non-Regulatory
TIDM0H3Q
Deutsche Post AG
07 October 2021
Deutsche Post AG / Key word(s): Quarter Results/Change in Forecast
Deutsche Post AG sees strong Q3 2021 and will raise guidance
07-Oct-2021 / 14:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Post AG sees strong Q3 2021 and will raise guidance
10/07/2021
Disclosure of inside information pursuant to Article 17 MAR
Management has today assessed the preliminary group results for the month of September and
hence Q3 2021 as well as the outlook for the remainder of the year.
The positive development of the group's businesses seen in the first half of the year has
continued well through the third quarter 2021. Q3 volume trends confirm base assumptions with
continued well supported B2B recovery and B2C volumes staying at high previous year levels
across all major networks. At the same time the tight capacity situation both in Ocean and
Air Freight markets continued. For Q3 2021 the EBIT performance is forming out as follows:
Preliminary group EBIT reached around EUR 1.765 billion in Q3 2021 (Q3 2020: EUR 1.377 billion),
bringing the EBIT of the first nine months of this year to around EUR 5.760 billion. As a
reminder, Q3 2020 came including EUR -163 million for the one-time pandemic bonus; in this
year's Q3 there is an effect of EUR -179 million with a similar distribution across the divisions.
Related payment is expected in Q4.
The divisional results in Q3 in detail:
EBIT in the Express division reached around EUR 970 million in the third quarter of 2021 compared
to previous year's Q3 of EUR 753 million.
EBIT in Global Forwarding, Freight stood at around EUR 370 million in Q3 2021, also clearly
ahead of previous year's Q3 of EUR 155 million.
EBIT at Supply Chain came in at around EUR 140 million in Q3 2021, significantly above last
year's Q3 result which stood at EUR 112 million.
Also, eCommerce Solutions recorded Q3 2021 EBIT of around EUR 90 million. It was at EUR 76
million in Q3 2020.
EBIT in Post & Parcel Germany in Q3 2021 was around EUR 300 million (Q3 2020: EUR 320 million).
Group Functions/Consolidation recorded a result of around EUR -105 million in Q3 2021; last
year's Q3 reached EUR -39 million including positive effects in the context of the StreetScooter
repositioning.
The continued positive business development is underpinned by a continued equally strong development
of cash flow; free cash flow in Q3 2021 amounted to more than EUR 1.0 billion. In Q3 2020
this figure was at EUR 1.264 billion. For the first nine months of 2021 Free Cash Flow now
stands at more than EUR 3.1 billion versus EUR 1.460 billion last year.
In light of the continued positive earnings momentum also in Q3 2021, management will raise
guidance for FY 2021 Group EBIT and FCF, driven by the strong development in the DHL divisions.
Also, the mid-term guidance for FY 2023 will be subject to upward revision.
The revised guidance will be published with the formal release of Q3 2021 earnings on November
4(th) 2021.
The comprehensive disclosure for Q3/9M 2021 will be released on November 4(th) 2021 as planned.
Financial indicators:
Explanations on these financial indicators are available in the 2020 Deutsche Post DHL Group
Annual Report (see page 25f) which is published on the company's website at the link below:
https://www.dpdhl.com/content/dam/dpdhl/en/media-center/investors/documents/annual-reports/DPDHL-2020-Annual-Report.pd
f
Contact:
Martin Ziegenbalg
EVP Investor Relations
Tel: +49 (0)228-182-63000
End of ad hoc announcement
07-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate
News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Deutsche Post AG
Charles-de-Gaulle-Straße 20
53113 Bonn
Germany
Phone: +49 (0)228 182 - 63 100
Fax: +49 (0)228 182 - 63 199
E-mail: ir@deutschepost.de
Internet: www.dpdhl.com
ISIN: DE0005552004, DE000A2G87D4
WKN: 555200, A2G87D
Indices: DAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich,
Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1239138
End of Announcement DGAP News Service
1239138 07-Oct-2021 CET/CEST
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October 07, 2021 10:02 ET (14:02 GMT)