Q1 2026 Deutsche Post AG Earnings Call Transcript

Apr 30, 2026 / 08:00AM GMT

Release Date Price: €8.35 (-1.18%)

Transcript

Key Points

Positve

Deutsche Post AG (DHLGY) reported a 2% organic revenue growth in Q1 2026, driven by strong performance in the DHL Supply Chain and e-commerce divisions.
Group EBIT increased by 8% year-on-year, marking the seventh consecutive quarter of EBIT growth in the Express division.
The company achieved a free cash flow of EUR 1.2 billion, which is historically strong for Q1.
Deutsche Post AG (DHLGY) successfully managed operational challenges in the Middle East, maintaining service quality and customer satisfaction.
The company continues to invest in infrastructure, particularly in the Supply Chain division, to support new customer contracts and growth opportunities.

Negative

The conflict in the Middle East caused a significant volume shortfall and operational disruptions, particularly affecting air and sea routes.
Rising fuel prices, especially for kerosene, jet fuel, and diesel, pose a concern for cost management and customer pricing.
The company faces ongoing FX headwinds, although these are expected to lessen in Q2 2026.
There is a potential macroeconomic impact from the Middle East conflict, particularly concerning energy prices and global GDP growth.
Despite strong performance, the company remains cautious about the volatility in the global economy and its potential adverse effects on demand.

Operator

(video playing)

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the DHL Group conference call. Please note that the call will be recorded. You can find the privacy notice on dhl.com. (Operator Instructions)

I would now like to turn the conference over to Martin Ziegenbalg, Head of Investor Relations. Please go ahead.

Martin Ziegenbalg

Deutsche Post AG - Head of Investor Relations

Thank you, and a warm welcome from my side to our Q1 '26 call. As it says on the title. I've got with me our Group CEO, Tobias, and the Group CFO, Melanie. You know the procedure, and let's start right away with your part, Tobias.

Tobias Meyer

Deutsche Post AG - Chief Executive Officer, Member of the Management Board

Good morning. I'm pleased to inform you about a good quarter. We started with good momentum in the year of 2026 building already on the trends of Q4 of 2025. So group revenue increased 2% on an organic basis, and this is led by DHL supply chain, especially very good

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