In Q1 16, revenues declined 6.1% to €13.87bn. The revenue decline was mainly driven by the revised revenue recognition terms of a contract with the National Health Service in the UK of around €465m. In addition, negative currency effects contributed €402m to lower revenues. Excluding these two effects revenues would have remained flat. EBIT however improved 21.1% to €872m and the EBIT margin increased from 4.9% to 6.3%. Net profit jumped 29.1% to €639m.

11 May 2016
Solid start but still room for improvements

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Solid start but still room for improvements
Deutsche Post AG (DHL:WBO) | 0 0 0.5% | Mkt Cap: 45,425m
- Published:
11 May 2016 -
Author:
Heinz Steffen -
Pages:
2 -
In Q1 16, revenues declined 6.1% to €13.87bn. The revenue decline was mainly driven by the revised revenue recognition terms of a contract with the National Health Service in the UK of around €465m. In addition, negative currency effects contributed €402m to lower revenues. Excluding these two effects revenues would have remained flat. EBIT however improved 21.1% to €872m and the EBIT margin increased from 4.9% to 6.3%. Net profit jumped 29.1% to €639m.