DHL Parent's Tariff Impact and Guidance In Focus -- Earnings Preview

Dow Jones08-04

By Dominic Chopping

DHL owner Deutsche Post is scheduled to report results for the second quarter on Tuesday. Here is what you need to know.

REVENUE FORECAST: Analysts expect second-quarter revenue at the German logistics group--also known as DHL Group--to come in at 21.01 billion euros ($24.35 billion), according to consensus estimates compiled by the company. For the same period last year, the group reported revenue of 20.64 billion euros.

PROFIT FORECAST: DHL Group's quarterly earnings before interest and taxes is forecast to be 1.33 billion euros, according to the company-compiled consensus. This compares with the 1.35 billion euros in EBIT the company reported for the year-earlier period. Net profit is forecast at 732 million euros, according to the same consensus.

Shares in the DHL parent have gained 4.8% over the past 12 months.

WHAT TO WATCH:

--Volumes in sea and air freight were supported in the first half by an increase in business ahead of new tariffs, but HSBC expects tariff uncertainties to weigh on second-half demand and pressure freight-forwarding yields.

--Besides the normalization in yields, the depreciation in the dollar will also serve as a headwind, particularly for sea freight yields, HSBC said.

--In the second quarter, the forwarding-and-freight unit should have pressure on yields, whereas express is expected to report marginal growth, AlphaValue analyst Kulwinder Rajpal said. Additionally, the supply-chain unit's resilience will support group EBIT, Rajpal said.

--DHL Group has previously said that with trade policy changes, trade doesn't stop, it moves. It has said its global network makes it well-positioned to service these moves, such as the large change from China-U.S trade to China-to-rest-of-the world and India-Europe.

--The company is guiding for an EBIT of at least 6.0 billion euros this year. AlphaValue's Rajpal doesn't see any risk to the guidance as EBIT growth is largely driven by the boost to post-and-parcel earnings stemming from new German legislation that will allow for cost savings and profitable growth.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

August 04, 2025 04:55 ET (08:55 GMT)

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DHL Parent's Tariff Impact and Guidance In Focus -- Earnings Preview

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