German logistics and mailing company Deutsche Post AG (DPW.XE)
said Tuesday earnings were up in the first quarter of the year,
driven by higher volume and revenue in the international express
and German parcel segments.
MAIN FACTS:
-In the first quarter of 2013, net profit fell 5.9% year-on-year
to EUR498 million ($647.4 million).
-Excluding the effects from a one-time effect due to the
Postbank transaction from last year, net profit and earnings per
share would have risen by more than 45% due to operational
improvements and lower taxes.
-First-quarter basic earnings per share were down 6.8% on the
year at EUR0.41.
-Earnings before interest and taxes was up 2.9% from the same
period in 2012 at EUR711 million.
-EBIT at unit DHL Express supported earnings, increasing 9.5% to
EUR254 million.
-Revenue was up 0.6% year-on-year at EUR13.44 billion.
-Revenue was supported by growth in the international express
and German parcel segments.
-The company confirmed its 2013 guidance, still expecting EBIT
for the year between EUR2.7 billion and EUR2.95 billion.
-Deutsche Post still expects earnings to rise by an annual
average of between 13% to 15% between 2010 and 2015.
-The company expects operating earnings to increase to between
EUR3.35 billion and EUR3.55 billion by 2015.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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