DHL Supply Chain pushes ahead with profits

DHL Supply Chain increased profits faster than sales last year, Deutsche Post DHL has revealed in its annual results. Group CEO Frank Appel said: “In 2014 we were able to further successfully execute Strategy 2015 despite the lack of significant tailwind from the global economy. EBIT at DHL Supply Chain was up 5.4 per cent at €465m while revenue rose 3.6 per cent to €14.6bn for 2014.Revenue growth was mainly driven by the Life Sciences & Healthcare sector and the Europe region. At €1.2bn, the volume of new contracts concluded with new and existing customers remains at a high level (2013: €1.5bn ) especially, the group said, given that the division is being more selective on profitability when closing new contracts.