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

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

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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(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.)