Deutsche Post (DHL) AGM 2025 summary

Opening remarks and agenda

• Annual General Meeting held in Bonn on May 2, 2025, with an agenda covering profit appropriation, management discharge, capital resolutions, board elections, auditor appointments, remuneration systems, and extension of virtual AGM authorization by two years.

Financial performance review

• Revenue grew by 3% in 2024, with EBIT slightly down from 2023 but well above 2019 levels; free cash flow (excluding acquisitions) was EUR 3 billion, slightly below 2023 but above pre-pandemic levels.

• Revenue, EBIT, and free cash flow all showed significant growth in 2024 compared to 2019 and 2023, with free cash flow up 1,481%.

• Total shareholder return from Dec 2019 to April 2025 outperformed DAX and MSCI World Transportation indices, with a 69% increase; share price performance outpaced the global transport industry since 2019, but valuation remains unsatisfactory due to economic headwinds and regulatory constraints.

• Dividend of EUR 1.85 per share proposed, distributing 64% of net profit.

• Share buyback program extended to 2026 and increased by EUR 2 billion to EUR 6 billion.

Board and executive committee updates

• No changes in Management Board composition in the past year.

• Supervisory Board elections included re-election of Ms. Döring and Mr. Rosen, and nomination of Prof. Dr. Pölzl as a new member.

• Dr. Katrin Suder to be elected as new Chairwoman of the Supervisory Board; outgoing Chair thanked shareholders and highlighted strong cooperation with management.