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Resilient DHL eyes tariff windfalls, more M&A deals

Profitable growth for DHL Express (Source: DHL)

DHL Group has made a resilient start to 2025 with profitable growth despite lower express and freight volumes, sees opportunities as well as challenges from US tariff impacts on trade flows, and remains on the lookout for M&A targets in growth markets.

The German logistics group today (April 30) reported moderate revenue growth in all divisions for January – March 2025 along with higher group operating profits generated by its Express, Supply Chain and Post & Parcel Germany units.

But the second quarter has started more slowly as customers delay decisions and contract signings amid frequent changes to US tariffs, while the predicted changes to trade flows are not yet taking place, CEO Tobias Meyer told journalists, including CEP-Research, at a media briefing. “There is a certain caution,” he admitted.

Trump tariff impacts

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