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Daniela Duong
@danieladuong · Aug 1

DHL group reported results. In Q2 it generated revenues of EUR 20.09 billion, down 16.4% yoy. Net profit of EUR 978 million, down 33% yoy. I expected a decline, but was surprised to see that net profit actually fell by more than 30%. The biggest impact on the result was the 40.7% drop in sales in the global shipments and freight segment.

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Willard Spencer @willardspencer Aug 1

Wow, that's quite a descent...

DD
Daniela Duong @danieladuong Aug 1

Id. I wonder what the stock will be worth at the end of the week

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Rickie Reeve @rickiereeve Aug 1

I see they own Czech PPL, I didn't know that. The drop is really big. Maybe it was a bit expected because of the cooling compared to the covid, but still...

DD
Daniela Duong @danieladuong Aug 1

That's what I'm wondering, the cooling after covid seems to me that just for freight and global transport it might not have such a huge impact, but when you add more expensive energy etc...

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Ashraf Aboudar @ashraf_dd Aug 1

The stock is obviously reacting a lot to this. They've been pretty high for a company that has these results. At least they're getting closer to a more attractive valuation :)

DD
Daniela Duong @danieladuong Aug 1

I wonder how much it's gonna drop today.

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Bill Combs @billcombs Aug 1

A 33% year-over-year drop in net income is quite a lot. I see the stock is down 4% today, but for the year it's up over 20%, which is quite nice.

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Daniela Duong @danieladuong Aug 1

It's a lot of well...I wonder how big the drop will be now