DHL reports higher operating profit aided by cost and capacity management

April 30 (Reuters) - German ‌logistics giant ​DHL ​reported a higher-than-expected first-quarter operating profit on Thursday, helped by capacity management, ‌structural cost improvements and yield measures.

"Despite blocked ⁠sea routes and closed airspace, we keep cargo moving ‌and our customers' supply ‌chains running," CEO Tobias Meyer said in a statement.

The company reported quarterly earnings before ​interest and taxes of 1.48 billion euros ($1.73 billion), beating analysts' expectations of 1.38 billion ⁠in a company-provided consensus.

Quarterly operating margin rose to 7.3% from ​6.6% in the same period last year.

"After the first three months, we are ​well on track to achieve ‌our full‑year targets," Meyer said.

The company had announced its largest cost-cutting programme ⁠in two decades in March 2025, in a move to shield its margins at a time ⁠when shipping and logistics companies face trade disruptions.

Analysts were ​expecting European logistics companies' first‑quarter earnings to benefit from higher freight rates and supply chain complexities stemming from ‌the U.S.-Israeli war with Iran, with DHL seen as a key beneficiary ‌due to the expected spillover effect from ⁠sea to air ‌freight.

($1 = 0.8573 euros)

(Reporting ​by Amir Orusov in Gdansk and Matthias Inverardi in Duesseldorf, editing by Milla ‌Nissi-Prussak)

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