DPD posts record profits and predicts further growth

DPD enjoyed its most successful operational period ever last year, with the parcel group delivering record revenues, volumes and profits thanks partly to the internet shopping boom.

This year's three-time MT award winner said turnover had jumped by 5.7% to £1.6bn in the year ending 2 January 2022.

Pre-tax profit increased by more than 22% to £302.4m.

In a statement signed off by the board, the group said its results exceeded all expectations: “The company has continued to deliver excellent levels of service to its customers and the directors believe that it has grown its market share in line with its strategic objectives,” it said.

“The largest share of revenue comes from Next Day parcels, although the company continued to grow revenue from its premium and specialist value-added services.

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“For international deliveries the company continued to benefit from its group membership of the leading European road based DPD network.

“The company has invested heavily in training programmes for its employees and recognises the outstanding pride and passion of all its employees as well as its owner driver franchisees.

“The company ended the year in a very strong financial position and the board believes that this position, coupled with the strength of its parent La Poste, puts it in a market leading position for future development,” it added.

At the start of this year, DPD Group announced that it had acquired CitySprint for £272.2m, marking its move into same-day delivery services after identifying it as one of the fastest growing segments of the logistics market.

“As a result of the deal, DPD UK’s customers will be able to access CitySprint’s same day and specialist delivery services in the UK, while CitySprint will be able to offer its customers access to DPD UK’s domestic next day and international expertise,” the board said.