Like K+N, DHL group’s Q2 results were below the consensus estimates on revenues but ahead of them on EBIT. Revenues were affected by the normalisation in freight rates and weakness in volumes. The group, however, protected its profits by controlling costs and optimising its network. The DHL Supply Chain delivered an outstanding performance. B2B volumes appear to be hitting a trough, whereas the trends in B2C volumes are encouraging. Lastly, the group marginally updated its EBIT outlook for 2023.
