Deutsche Post (DHL) AGM 2026 summary

Opening remarks and agenda

• The meeting opened with a welcome to shareholders attending in-person and online, outlining the agenda, participation, and voting procedures.

• The chair introduced herself, explained her role, welcomed the notary and participants, and highlighted the company's historical legacy and commitment to excellence.

• Emphasized mastering complexity in global logistics and network management.

• The agenda included the CEO's report, share buyback update, carve-down at acquisition agreement, and Supervisory Board's report.

• Organizational notes regarding motions, voting, proxies, and meeting conduct were provided.

Financial performance review

• Achieved 2025 revenue of €82.9 billion, down 1.6% year-on-year, with EBIT rising to €6.1 billion and free cash flow (excluding M&A) increasing to €3.2 billion.

• Total shareholder return for April 2025–April 2026 was +41%, outperforming DAX and MSCI World Transportation.

• A dividend increase to €1.90 per share was proposed, distributing about 61% of net profit, and €1.4 billion in shares were bought back.

• Ongoing share buyback program totals €6 billion from 2022 to 2026.

• Guidance for 2026 anticipates EBIT above €6.2 billion and free cash flow of approximately €3.0 billion, with a strong Q1 2026 start.

Strategic initiatives and plans

• Strategy 2030 focuses on growth in sectors like new energy and life sciences, with a 33% revenue increase in New Energy Logistics from 2024 to 2025.

• Investments are planned in 20 key countries, including €1 billion in India, €300 million in Africa, and over €0.5 billion in the Middle East.

• Acquisitions in healthcare logistics (CRYOPDP, SDS Rx, MWE CARE) support growth in specialized transport.

• Digitalization and AI are being integrated into customs clearance, warehouse management (Dexory robots, computer vision), and customer service.

• The new Poststation retail concept is expanding to maintain service in areas with declining retail partners and improve customer contact.