DHL owner forecasts no recovery this year after 25% decline in full-year profits

Shares in DHL owner Deutsche Post fell on Wednesday after the German package courier posted a sharp drop in its full-year profits and said it expects to post similar results at the end of 2024. 

The Bonn headquartered company performed in-line with analysts’ expectations, posting a 10% drop in its full-year sales, to €81.76 billion, as it blamed a slump in the global economy for its underwhelming performance compared to the record results it reported in 2022. 

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