Deutsche Post-DHL has binned its profit target for the year, as a result of the coronavirus pandemic.
The German group, a bellwether for the logistics industry, said in yesterday’s trading update it was withdrawing its 2020 ebit guidance, “given the significant impact of Covid-19 on all parts of the economy”.
However, it said that its preliminary group ebit was €590m for the first quarter of 2020, while preliminary operating profit came in …
The post Spread of coronavirus hits DP-DHL in every...
https://theloadstar.com/spread-of-coronavirus-hits-dp-dhl-in-every-division-but-all-stay-in-profit/