Deutsche Post Ag S/Adr (DHLGY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the DHL group conference call. Please note that the call will be recorded. You can find the privacy notice on DHL.com. Throughout today's presentation, all participants will be in a listen-only mode. The presentation will be followed by a question and answer session. If you wish to ask a question, we ask that you please use the raise hand button at the bottom of your Zoom screen. If you have dialed in, please select star 9 to raise your hand and star 6 to unmute. Instructions will also follow at the time of Q&A. I would now like to turn the conference over to Martin Ziegenbolg, Head of Investor Relations. Please go ahead. Thank you and a warm welcome from my side to the Q325 results call. As it says on the title, I have here with me our Group CEO, Tobias, and the Group CFO, Melanie. We aim to cover all ground within the next hour or so. So, therefore, without losing any further time, over to you, Tobias. Thank you, Martin. Thank you all for participating in this call and your interest in our company. On page two, the highlights for the quarter. Firstly, on the short term, dealing with the changes in the global landscape, particularly the outfall of the changes in U.S. trade policy. Within the quarter, we had the abolishment of the de minimis also for the rest of the world. I think we have been able to deal with that very effectively by adjusting and shifting capacity, especially in our more asset-intensive global transportation networks, that being Express especially. to do adequate yield management, to overall mitigate the impact on the U.S. trade lanes and continue to take advantage where there is growth, and we'll talk about where there is growth in a minute. What is also very impor...