Refile: Logistics firm DHL's Q3 revenue climbs on higher demand; raises FY26 EBIT outlook

DHL AG

16/10/2026 17:24

Corrects to add dropped word "prelim" to first Overview bullet

Overview
Germany-based logistics group's Q3 prelim revenue rose over 12% yr/yr to about EUR 22.6 bln
Q3 EBIT up about 16% yr/yr to EUR 1.71 bln
Company raised full-year 2026 EBIT guidance to exceed EUR 7.0 bln

Outlook
DHL Group raises 2026 EBIT outlook to exceed EUR 7.0 bln from more than EUR 6.5 bln
Company now sees DHL divisions EBIT above EUR 6.4 bln for 2026, up from over EUR 5.9 bln
DHL Group lifts 2026 FCF excl. Net M&A outlook to over EUR 3.2 bln from about EUR 3.0 bln

Result Drivers
DEMAND GROWTH - Co said broad-based growth in demand and positive earnings momentum, especially in DHL Express, drove Q3 results
YIELD AND COST MEASURES - DHL Express benefited from yield and cost measures and operating leverage from weight growth
AIR FREIGHT CAPACITY - DHL Express Q3 results received limited support from air freight market capacity constraints

Company press release: ID:nEQ97xpyQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 22.60 bln
 
Q3 EBIT
 
EUR 1.71 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for DHL AG is €57.00, about 1.2% below its October 15 closing price of €57.70
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Oct 16 - ACG orders 75 Airbus A320neo jets in lessor's biggest purchase yet
Oct 16 - Germany, Portugal reaffirm 'unwavering' support for Ukraine
Oct 16 - Germany hikes taxes on guilty pleasures to boost revenue

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)