Learn more

German logistics group DHL recorded an even greater drop in profits than expected last year. Operating earnings before interest and taxes (EBIT) plummeted by around a quarter to just over €6.3 billion ($6.84 billion), the DAX-listed company announced in Bonn on Wednesday. Net profit for 2023 slumped by almost a third to just under €3.7 billion. Shareholders are nevertheless to receive an unchanged dividend of €1.85 per share for the financial year. The share buyback programme is to be extended until 2025 and increased by €1 billion to €4 billion. However, DHL chief executive Tobias Meyer has n…

cuu