Irish units of DHL and UPS post positive results

Newly filed accounts show revenues and profits up at both companies

DHL Express (Ireland) Limited reported a 5 per cent rise in turnover from €88.5 million

DHL Express (Ireland) Limited reported a 5 per cent rise in turnover from €88.5 million

 

The Irish subsidiaries of delivery giants DHL and UPS both delivered impressive results last year, according to newly filed accounts.

DHL Express (Ireland) Limited reported a 5 per cent rise in turnover from €88.5 million to €92.9 million in 2017, driven in part from increases in international air shipments and in ecommerce activity.

The company, which provides door-to-door pick-up and express delivery of shipments to and from Ireland to more than 220 countries, posted a €2.76 million pretax profit, up from €2.47 million a year earlier.

DHL took on an additional 16 employees last year to bring headcount here to 356 people. Staff costs, including wages and salaries, totalled €19.6 million, up from €18.4 million in the prior year.

The parent was established as a separate division of Deutsche Post in 1969. Deutsche Post DHL Group employs 520,000 employees in over 220 countries and territories worldwide.

Separately filed accounts for UPS’s Irish unit, which was established in 1986, show it recorded a €1.08 million pretax profit last year, up from €576,395 in 2016.

Turnover for United Parcel Service of Ireland Limited rose from €57.8 million to €58.6 million in 2017. A breakdown of revenues shows €26 million derived from the Irish market, up from €22.6 million a year earlier.

The company employs 295 people locally, up from 265 in the prior year. Staff costs jumped in 2017 from €11.7 million to €13. 1 million.

The subsidiary’s parent, which was founded in Atlanta, Georgia in 1907, is the 10th-largest private employer in the US with over 335,500 employees. It reported revenues of €65.8 billion last year.