Deutsche Post DHL revenue jumps

Deutsche Post DHL, the world’s leading postal and logistics group, continued the sound performance of the first half of 2010 during the third quarter, generating another double-digit increase in revenue. Despite a slight decline in the mail division, also resulting from a regulatory change in value-added tax that took effect in July, consolidated revenue rose 13.9 percent to 12.8 billion euros driven by strong growth generated by all three DHL divisions. Additional margin gains in the DHL divisions also resulted in the significant increase in profitability. Underlying EBIT totaled 543 million euros, 43.7 percent above the previous year’s level. staff report