By Kirsten Bienk
German logistics and mailing company Deutsche Post AG (DPW.XE)
said Tuesday it expects continued growth next year, boosted by its
express delivery and freight service DHL.
The executive board expects DHL's operating profit to increase
in 2014, helped by rising global trade volumes and despite economic
uncertainties.
The company predicts the mail and parcel unit's operating profit
to remain stable at at least 1 billion euros ($1.3 billion) due to
cost reductions at the mail business and a booming parcel
business.
Deutsche Post wants to continue to pay out 40% to 60% of net
profit as dividend, and proposes a dividend of EUR0.70 a share for
last year, it said when publishing its annual report after it had
earlier published 2012 earnings and guidance for 2013.
The company continues to target organic growth for this year and
expects only small acquisitions. Investments shouldn't exceed
EUR1.8 billion this year, it said.
Write to Kirsten Bienk at kirsten.bienk@dowjones.com
Order free Annual Report for Deutsche Post AG
Visit http://djnweurope.ar.wilink.com/?ticker=DE0005552004 or
call +44 (0)208 391 6028
Order free Annual Report for Deutsche Post AG
Visit http://djnweurope.ar.wilink.com/?ticker=US25157Y2028 or
call +44 (0)208 391 6028
Subscribe to WSJ: http://online.wsj.com?mod=djnwires