The annual general meeting of German logistics giant Duetsche Post DHL took place today in Frankfurt. Members are expected to approve an earnings per share of EUR 0.70.
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| CEO Frank Appel |
In spite of a 5.9% drop in profit for the first quarter compared to 2012, DHL insist they are in a good financial position and are responding well to the challenges of the current economic climate.
CEO Frank Appel told shareholders, "Strategy 2015 has given our company a clear compass that has made it
possible for us to confidently navigate the financial and economic
crisis. It will help us remain on track even without any economic
tailwind. At the same time, we continue to
benefit from our ongoing efficiency gains. Only streamlined, flexible
structures and continuous cost optimization will enable us to have the
necessary financial strength to invest in the future and thus generate
long-term profitable growth."
The group anticipate moderate growth for the rest of the year, and the DHL divisions are expected to contribute most to this forecast. Appel also expounded upon the group's mid-term strategy: "As 'The Postal Service for Germany' and 'The Logistics Company for the
World,' we intend to become the provider, employer and investment of
choice," the CEO said. "By taking this comprehensive company approach,
we plan to fully unlock the huge potential of our company."
Source: DHL
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