DHL shares rise after logistics giant announces planned overhaul

DHL has forecast an operating profit, or EBIT, of €6bn to €6.6bn for 2024, although that forecast has come under scrutiny as it relies on a stronger fourth quarter

DHL’s post and parcel division employs around 190,000 people in Germany and operates through 82 mail centres and 38 parcel hubs. Picture: Neil Michael.

DHL is on track to meet its 2024 operating profit forecast, its chief financial officer Melanie Kreis said, after the logistics giant announced an overhaul that would make its German parcel business a standalone entity.

Shares were up 1.9% in early trading after news on Monday evening of DHL's new strategy, which announced a carve-out of its parcel business but pushed back against suggestions that the letter mailing business would be divested.