Small toy figures are seen in front of diplayed DHL logo in this illustration taken March 19, 2020. REUTERS
April 30 (Reuters) – German logistics giant DHL reported a higher-than-expected first-quarter operating profit on Thursday, helped by capacity management, structural cost improvements and yield measures.
“Despite blocked sea routes and closed airspace, we keep cargo moving and our customers’ supply chains running,” CEO Tobias Meyer said in a statement.
The company reported quarterly earnings before interest and taxes of 1.48 billion euros ($1.73 billion), beating analysts’ expectations of 1.38 billion in a company-provided consensus.
“After the first three months, we are well on track to achieve our full‑year targets,” Meyer said.
($1 = 0.8573 euros)
Reporting by Amir Orusov in Gdansk and Matthias Inverardi in Duesseldorf, editing by Milla Nissi-Prussak
