Logistics firm DHL's Q3 revenue climbs on higher demand; raises FY26 EBIT outlook

By Reuters News


Overview

  • Germany-based logistics group's Q3 revenue rose over 12% yr/yr to about EUR 22.6 bln

  • Q3 EBIT up about 16% yr/yr to EUR 1.71 bln

  • Company raised full-year 2026 EBIT guidance to exceed EUR 7.0 bln


Outlook

  • DHL Group raises 2026 EBIT outlook to exceed EUR 7.0 bln from more than EUR 6.5 bln

  • Company now sees DHL divisions EBIT above EUR 6.4 bln for 2026, up from over EUR 5.9 bln

  • DHL Group lifts 2026 FCF excl. Net M&A outlook to over EUR 3.2 bln from about EUR 3.0 bln


Result Drivers

  • DEMAND GROWTH - Co said broad-based growth in demand and positive earnings momentum, especially in DHL Express, drove Q3 results

  • YIELD AND COST MEASURES - DHL Express benefited from yield and cost measures and operating leverage from weight growth

  • AIR FREIGHT CAPACITY - DHL Express Q3 results received limited support from air freight market capacity constraints


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 22.60 bln

Q3 EBIT

EUR 1.71 bln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy."

  • Wall Street's median 12-month price target for DHL AG is €57.00, about 1.2% below its October 15 closing price of €57.70

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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