Deutsche Post, the owner of DHL, is scheduled to release its second-quarter financial results on Tuesday. Here are the key details:
Revenue Forecast
Analysts anticipate that the German logistics group will report revenue of €21.65 billion ($23.86 billion) for the second quarter, according to the company's consensus estimates. In the same period last year, Deutsche Post recorded revenue of €24.03 billion.
EBIT Forecast
The consensus predicts that Deutsche Post's earnings before interest and taxes (EBIT) will reach €1.65 billion for the quarter. In the second quarter of the previous year, the company reported an EBIT of €2.34 billion.
What to Watch
Guidance: Deutsche Post has already issued guidance for full-year EBIT, which ranges from €6 billion to €7 billion, depending on various market scenarios. Analysts Johannes Braun and Marc Zeck from Stifel anticipate a potential upgrade to this guidance during the second half of the year, possibly as early as the second quarter, considering the company's tendency to be conservative in its outlook.
Express Division: The express division of Deutsche Post is a significant contributor to its earnings, accounting for 48% of the group's projected EBIT for 2022. However, analysts Samuel Bland and Harry Gowers from JPMorgan express caution regarding the future prospects of this segment. They believe that the favorable conditions experienced during the height of the Covid-19 pandemic may gradually unwind over time.
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