German postal and logistics company DHL Group (formerly Deutsche Post DHL Group) increased its first-quarter net profit by 3.3 per cent despite a decline in revenue, with earnings better than market expectations and revenue worse.
The company said in a press release that its net profit in the January-March period was €812 million, or €0.73 per share, compared with €786 million, or €0.67 per share, for the same period in 2025.
Revenue fell 1.9 per cent to €20.42 billion.
Analysts, whose consensus forecast was cited by the company itself, had expected a net profit of €764m on revenue of €20.71bn.
Earnings before interest and tax (EBIT) rose 8.3% to €1.48bn last quarter.
Free cash flow (FCF) rose to €1.2bn from €732m a year earlier.
The company reaffirmed its 2026 outlook for EBIT above €6.2bn and FCF of around €3bn.
The company’s shares are up 1.9 per cent in Frankfurt trading on Thursday. DHL’s capitalisation has risen 2.2% since the beginning of the year.