DHL AG

DHL: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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DHL Group Earnings: Economic Fallout From Tariffs Likely to Pressure Volumes on US Trade Lanes

Matthew Young

Apr 30, 2025

DHL Group’s first-quarter top line increased 2.5% year over year (excluding foreign exchange) on higher yields at express, residential ground package volume growth across Europe, and (likely) a pull forward of US imports ahead of tariffs (benefitting the global forwarding division).

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DHL AG

DHL Group Earnings: Economic Fallout From Tariffs Likely to Pressure Volumes on US Trade Lanes

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