UPS parcel service increases profit significantly

Released on 26. 10 . 2021

  • The UPS logo on a transporter. Photo: Sina Schuldt

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The group is doing well. In the third quarter of the year it generated earnings of US $ 2.3 billion. That is significantly more than in the Corona summer 2020.

Atlanta (dpa) – A strong demand in all segments brought the US parcel service UPS a strong profit jump in the summer.

The bottom line was a result of 2.3 billion US dollars (around 2 billion euros) in the third quarter, as United Parcel Service (UPS) announced in Atlanta on Tuesday. That is 13 percent more than in the Corona summer 2020. Sales jumped 9 percent to 19, up 2 billion dollars.

Revenue in UPS’s international business increased particularly strongly. But there was also an upward trend in supply chain logistics. In the traditional business on the US home market, the group benefited from the fact that its customers paid an average of twelve percent more per parcel than a year before.

The UPS management is therefore also becoming somewhat more optimistic for the year as a whole. The adjusted operative brand should now be about 13 percent instead of 12, reach 7 percent. For sales and earnings per share, the group once again gave no forecast.

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