Deutsche Post-DHL Q1 results

Deutsche Post-DHL has posted a 1.4% decline in its first-quarter net income to €495 million, although total revenue increased 8.8% to €14.77 billion. Operating profit (EBIT) dropped 1.0% to €720 million. The DHL Express arm reported a 20.3% increase in operating profit however to €332 million with revenue up by 12.5% to €3.2 billion. DHL Express’ average daily shipment volumes grew strongly, up 7.1% for Time Definite International (TDI), and up 5.3% for Time Definite Domestic (TDD). Yield rose at a slower rate than volume – up 3.5% for TDI and flat with 1Q14 for TDD. Air freight forwarding volume