DPSTF - DHL Group: Solid Results Above Pre-Pandemic Levels Still A Buy
2024-05-10 10:43:52 ET
Summary
- This was not the greatest Q1. Still, we see an upside in volumes and positive price changes.
- The logistics sector is expected to grow positively due to changes in consumer behavior and global transportation opportunities (omnishoring).
- DHL maintained solid guidance and offers attractive shareholder returns. Our buy rating is then confirmed.
Recently, DHL Group ( DPSTF ) ( DHLGY ) released its Q1 financials. Since our last update (Q4 results), Outlook Below Expectation, Still A Buy , the company's total return was 3.11%. For our new readers, Deutsche Post-DHL is the world's largest contract logistics and freight operator and the largest international express player. Initially, it was the German postal operator, and today, it offers a one-stop shop for all supply chain management services....
DHL Group: Solid Results Above Pre-Pandemic Levels, Still A Buy