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Deutsche Post (DHL) investor relations material
Deutsche Post Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 navigated volatility from U.S. trade policy and de minimis changes through capacity and yield management, with EBIT and net profit rising despite a 2.3% revenue decline to €20.1 billion.
Strategy 2030 execution continued, focusing on high-growth geographies and verticals, with organic investments and targeted M&A, including healthcare logistics and last mile expansion.
Strong cash flow generation and shareholder returns were maintained via dividends and share buybacks, with free cash flow up 66.6% to €1,203 million.
Global trade patterns are shifting, with long-distance trade growing, U.S. share declining, and growth in Southeast Asia, Europe, Middle East, Africa, and Latin America.
Segment results were mixed, with robust parcel and eCommerce growth offsetting declines in Express and Global Forwarding.
Financial highlights
Q3 2025 EBIT rose 7.6% to €1,477 million, with adjusted EBIT up 10% excluding non-recurring items; net profit attributable to shareholders increased 11.9% to €840 million.
Free cash flow surged 66.6% year-over-year to €1,203 million, on track for a €3 billion full-year target (excluding M&A).
Earnings per share increased 15.6% to €0.75, supported by ongoing share buybacks.
Revenue declined 2.3% year-over-year, mainly due to negative FX effects and lower freight rates/U.S. tariffs.
9M 2025 EBIT was €4,276 million, up 6% year-over-year.
Outlook and guidance
Full-year 2025 guidance confirmed: Group EBIT ≥ €6.0bn, DHL divisions ≥ €5.5bn, P&P Germany ~€1.0bn, FCF (excl. M&A) €3.0–3.3bn.
Guidance reflects de minimis impact and assumes a muted macro environment; escalation in tariffs or trade policy could materially impact results.
Structural cost savings and Fit for Growth program expected to drive a sustainably lower cost base and support future growth.
Additional cost of change bookings expected in Q4, with total cost of change up to €200 million for the year.
Guidance for 2026 to be provided in March, with positive contribution from Fit for Growth anticipated.
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Frequently asked questions
More than a parcel service provider
Deutsche Post Ag or Deutsche Post DHL Group is a German-based delivery and supply chain management company. They are one of the largest courier companies in the world, and DHL, their wholly-owned subsidiary, is claimed to be present in over 220 countries and territories.
The difference between the two brands is that DHL offers a comprehensive range of products and services consisting of international express, freight transport, and supply chain management, as well as e-commerce logistics solutions.
Deutsche Post, however, is one of Europe's leading postal and parcel service providers.
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