4H·

DHL After Its Quarterly Results – Strong Operational Performance

Today, $DHL (-4,09 %) released its quarterly results. At first glance, the numbers look promising. What interested me most was whether the points I had highlighted as particularly important in my post before the quarterly results were confirmed. That’s exactly why I’ve re-evaluated the numbers in light of my original investment thesis.

First, a look at the numbers:

• EPS (expected): 0.89 EUR

• EPS (reported): 0.90 EUR

• Revenue (estimated): 20.94 billion EUR

• Revenue (reported): 22.37 billion EUR

One of my key watchpoints was profitability. Here, $DHL (-4,09 %) a positive surprise for me. EBIT rose by about 30% to €1.9 billion, significantly exceeding the prior-year figure. What I find particularly important, however, is that the company’s strength no longer stems exclusively from cost cuts. The express business, in particular, once again performed very robustly and benefited from higher shipment volumes as well as solid international demand. That’s exactly what I had hoped to see going in.

The measures under the “Fit for Growth” program also continue to have an impact. As I mentioned earlier, however, it was important to me that the core business once again contribute more significantly to growth, and the current figures give me exactly that impression. To me, this is a much better sign than if earnings had been improved solely through cost savings.

Another key point for me was free cash flow and capital allocation. There was good news here as well. The fact that $DHL (-4,09 %) the ongoing share buyback program has been increased once again by €500 million to a total of €6.5 billion is, in my view, a strong signal. To me, this shows that management continues to have confidence in the company’s own business performance.

I was also pleased with the performance of the other business segments. In addition to the strong express business, Global Forwarding and Supply Chain also posted solid results. To me, this confirms that the company’s current strength is built on multiple pillars and isn’t driven by just a single segment.

There were no negative surprises in the outlook either. After $DHL (-4,09 %) the EBIT forecast had already been raised in July, it has now been confirmed. Management remains confident despite geopolitical uncertainties. Changes in global supply chains and stable demand for logistics services remain key drivers.

As expected, there was no major news regarding the partnership with Leidos. For me, this remains an interesting long-term topic that could complement the investment story. However, it does not yet play a decisive role in the current performance.

For the coming quarter, I will primarily be watching to see whether the positive trend in the express business continues and $DHL (-4,09 %) whether the current growth can be sustained. It will also be interesting to see whether margins can be maintained at their current level and whether global trade flows continue to stabilize.

For me, the figures confirm my investment thesis. I find it particularly positive that $DHL (-4,09 %) growth is now once again coming more strongly from the core business and is no longer primarily driven by ongoing efficiency measures. However, following the strong stock price performance, market expectations will continue to rise. Therefore, in the coming quarters, the focus is likely to shift from simply delivering good results to sustainably confirming the current trend. My personal assessment therefore remains largely unchanged. $DHL (-4,09 %) remains an important component of my portfolio. Following the strong stock performance, I am somewhat more cautious about making further purchases; however, today’s figures tend to reinforce rather than call into question my long-term investment thesis.

https://de.investing.com/news/transcripts/mitschrift-des-earnings-call-dhl-group-verzeichnet-starkes-wachstum-im-q2-2026-und-hebt-ebitprognose-an-93CH-3600200

~ Not investment advice ~

DividendenPapa

@DividendenPapa

3D·

DHL Ahead of Its Quarterly Results – Will It Stay the Course?

On August 5, $DHL (-4,09 %) its quarterly earnings. According to the current analyst consensus (Investing.com), the following are expected:

• EPS: €0.89

• Revenue: €20.94 billion

Revenue and EPS only provide a first impression at this stage. I find the question of whether $DHL (-4,09 %) the company can confirm the current recovery. Following the strong stock performance, expectations have now risen significantly. For me, it will therefore be particularly important to see whether $DHL (-4,09 %) can continue to grow under its own steam or whether the recent strong results are primarily due to consistent cost discipline.

Consequently, I’ll be paying close attention to EBIT, free cash flow, margin trends, and the performance of the individual business segments. In particular, the Express, Global Forwarding, and Supply Chain segments are likely to once again be the main drivers of growth. I’m particularly curious to see whether the Express business will continue to stabilize and whether the international B2B business will gain additional momentum. At the same time, I’m interested in whether the global trade environment will provide some tailwind again or whether demand will remain rather subdued.

Another point I’ll be keeping an eye on is the ongoing “Fit for Growth” program. The planned cost savings have recently been a key driver of earnings. In the long term, however, I expect growth to come more strongly from core operations again, rather than primarily from cost reductions.

When it comes to capital allocation, however, I do not expect any major surprises. $DHL (-4,09 %) In recent years, the company has demonstrated that dividends, share buybacks, and investments are well balanced. For me, therefore, the key factor remains whether free cash flow can continue to adequately cover capital returns while still leaving sufficient leeway for investments.

I also find the recently announced partnership with Leidos exciting. While it’s unlikely to play a role in the upcoming quarterly results, in the long term it could $DHL (-4,09 %) open up access to an interesting market in the field of defense logistics. For my investment thesis, this is currently more of a bonus than a decisive factor.

I also find the analyst consensus interesting. According to Investing.com, 5 analysts currently recommend buying the stock, 12 rate it as a “Hold,” and 3 issue a “Sell” recommendation. The average price target is currently even slightly below today’s price. To me, this shows that the market has become somewhat more cautious following the strong price performance. That’s precisely why, this time around, it’s likely to be less about the actual numbers and more about management’s outlook.

My key points to watch for the quarterly results

• EBIT and operating margin trends

• Free cash flow and capital allocation

• Shipment volume trends in the express business

• Performance of the Global Forwarding and Supply Chain divisions

• Progress on the “Fit for Growth” program

• Comments on global trade and transport volumes

• Outlook for the second half of the year

Overall, I expect a solid quarter, but I believe that a slight beat in revenue or EPS will hardly be enough this time. It will be much more important to see whether $DHL (-4,09 %) can demonstrate that the core business is regaining momentum and that the chosen course is sustainable. $DHL (-4,09 %) is already part of my portfolio. Following the strong price performance, I’m currently a bit more cautious about making further individual purchases, but I’m keeping the stock in my savings plan because I’m convinced of the company’s long-term potential. For me, the upcoming quarterly results will therefore primarily show whether the market has already priced in a large portion of the company’s positive development, or whether we are seeing a sustainable and long-term positive trend here.

~ Not investment advice ~