DHLGY - Deutsche Post AG (DHLGY) Q1 2025 Earnings Call Transcript
2025-04-30 15:32:05 ET
Deutsche Post AG (DHLGY)
Q1 2025 Earnings Call
April 30, 2025 04:00 AM ET
Company Participants
Tobias Meyer - Group Chief Executive Officer
Melanie Kreis - Group Chief Financial Officer
Martin Ziegenbalg - Head of Investor Relations
Conference Call Participants
Alexander Irving - Bernstein
Alexia Dogani - JPMorgan Chase & Co.
Cristian Nedelcu - UBS
Patrick Creuset - Goldman Sachs
Cedar Ekblom - Morgan Stanley
Andy Chu - Deutsche Bank
Muneeba Kayani - Bank of America
Marco Limite - Barclays
Marc Zeck - Kepler Cheuvreux
Oliver Holmes - Redburn
Michael Aspinall - Jefferies
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the DHL Group Conference Call. Please note that the call will be recorded. You can find the privacy notice on dhl.com. Throughout today’s presentation, all participants will be in a listen-only mode. The presentation will be followed by a question-and-answer session. [Operator Instructions]
I would now like to turn the conference over to Martin Ziegenbalg, Head of Investor Relations. Please go ahead.
Martin Ziegenbalg
Thank you, and a warm welcome from my side. Good morning to you wherever you're following this. This is the Q1 '25 results presentation that I take it you have in front of you. As flagged, I'm going to have with me our Group CEO, Tobias Meyer, Group CFO, Melanie Kreis. We have the usual procedure. We will go through the deck. After that, there is time for Q&A. We are aware that there are other events going on in the sector today. So that should help us to go through what we have in a very focused manner.
And with that, over to you, Tobias.
Tobias Meyer
Thank you, Martin. Good morning, everyone. Welcome to our Q1 call. On Page 2, you find the highlights. We believe we had a good start into the year 2025 in what remains an interesting environment. We had about 5% growth in earnings. We had slight growth in revenue as well, and we delivered, from our perspective, a pretty good free cash flow based on what you heard earlier from us that we also look carefully at cost and CapEx in this environment.
Particularly, we had EBIT improvements in Express supply chain, supply chain in a very steady and consistent way that you have seen over many quarters now and also again with P&P Germany, which is a bit more due to the specifics of the quarter, given the elections we had in Germany and the stamp price increase ahead of wage increases in April.
The macro environment overall has been in line with our expectations. It was quite subdued, obviously, induced volatility due to changing U.S. trade policies, which makes the day-to-day quite interesting. On a financial view for the quarter, it was actually quite a small impact, the operational occupation is much higher than the net impact that you see in earnings, and we also expect that and we'll talk about that going forward.
We execute on our growth strategy. We announced further acquisitions, especially in the life science and health care space. We continue to follow what we said. We want to buy capability, not scale, and then leverage scale that capability across our network. It's not only the case in life science and health care, but also in the broad range of sub industries under new energy and obviously, our continued drive in e-commerce as well....
Deutsche Post AG (DHLGY) Q1 2025 Earnings Call Transcript