By Ian Walker
DHL parent Deutsche Post raised its full-year guidance after a strong second quarter, boosted by DHL Express.
The German logistics company--also known as DHL Group--said Tuesday it expects to report group earnings before interest and taxes of over 6.5 billion euros ($7.44 billion) for the year compared with previous guidance of more than 6.2 billion euros.
Within this, DHL divisions' EBIT is expected to be more than 5.9 billion euros, compared with previous expectations of 5.6 billion euros. Post & Parcel Germany EBIT expectations are unchanged at 900 million euros.
DHL said revenue rose 10% in the second quarter, while EBIT rose 29% to 1.85 billion euros. DHL Express EBIT was 1.195 billion euros, compared with 730 million euros in the same quarter last year.
"Compared with the prior year quarter, which had been impacted by customs and other trade policy conditions, the group recorded a return to significant revenue growth," the company said.
DHL is due to report second-quarter earnings on Aug. 5.
Shares were up 1.9% at 56.76 euros in mid-afternoon European trading. They are up 21% over the year to date.
Write to Ian Walker at ian.walker@wsj.com
Corrections & Amplifications
This article was corrected at 10:14 a.m. ET to clarify the company name in the headline is DHL Group.