DHL gains on profit beat, guidance seen as conservative

Deutsche Post AG

30/04/2026 13:05

** DHL DHLn.DE up 5% after the German logistics company beats Q1 profit expectations on strong Express performance and cost savings, fuelling confidence around FY results

** Q1 EBIT is 7.5% above consensus driven by a 17% beat in the key Express division, though the company affirms its FY EBIT guidance of at least 6.2 bln euros

** Citi: "The beat should be taken positively, though guidance remained unchanged due to conservative approach by management"

** FCF of around 1.2 bln euros sharply exceeds expectations, fuelling optimism around FY cash generation

** Citi also notes higher fuel and disruption costs from the Middle East war are largely offset by pricing and surcharge pass-throughs, limiting the net impact on profitability

** DHL top DAX .GDAXI gainer. Stock up around 5.3% YTD

 (Reporting by Danilo Masoni)