DHL Group raises 2026 earnings guidance to over 7 billion euros

DHL Group has raised its full-year 2026 earnings guidance, projecting a reported Group EBIT to exceed 7 billion euros, up from a previous forecast of more than 6.5 billion euros. This upward revision is driven by strong momentum in the DHL Express division, which reported a third-quarter EBIT of approximately 1.035 billion euros.

In the third quarter, the company saw a 16 percent year-on-year increase in EBIT to 1.71 billion euros and a 12 percent increase in revenue to approximately 22.6 billion euros. While the Express division benefited from higher volumes and cost-saving measures, the Post & Parcel Germany segment saw its results decline to approximately 150 million euros from 218 million euros in the prior-year period.

Following these developments, RBC has initiated coverage of DHL Group with an ‘Outperform’ rating and a price target of 67 euros, citing confidence in the growth dynamics of the Express business.