
Deutsche Post, the owner of DHL Group, has announced an extension of its buyback program despite anticipating limited earnings growth for 2024. The logistics giant's forecast for the year falls short of market expectations due to tepid global trade, with no expected recovery this year following a 25% decline in annual profit. DHL's 2024 operating profit is predicted to surpass pre-pandemic figures, yet this outlook remains below market consensus amid weaker global trade conditions. Additionally, the company has offered a cautious economic outlook, highlighting that business-to-business (B2B) volumes remain sluggish.
D.Bahn eyes deal to sell Schenker by end of year, says source https://t.co/WqK8mNyEZ5 https://t.co/b7PlIJF9eL
DHL offers a cautious economic outlook as B2B volumes remain sluggish https://t.co/SDeItcJzaW
WATCH: German logistics giant DHL Group on Wednesday forecast its 2024 operating profit to come in above pre-pandemic figures, but the outlook fell short of market consensus amid weaker global trade https://t.co/rzfbAhh2VO https://t.co/d7ESL9G4OV
