German mailing and logistics group Deutsche Post AG (DPW.XE)
Tuesday confirmed its outlook of higher sales and earnings this
year, despite third quarter figures coming in just under analysts'
expectations.
MAIN FACTS:
-Third quarter net profit rose 5.8% from the year-earlier
quarter to 399 million ($534 million), but the figure was below
analysts' expectations of EUR411 million.
-Revenue came to EUR13.5 billion during the period, a 2.5%
decline from a year earlier as a result of negative currency
effects.
-"Adjusted for these factors, third-quarter revenues improved
3.4 percent compared to last year's period," driven by higher
volume and revenue in the German parcel business, the company
noted.
-Earnings before interest and tax, or EBIT, came to EUR646
million, above EUR604 million a year earlier, but under analysts'
expectations of EUR657 million.
-Deutsche Post repeated it expects EBIT of EUR2.75
billion-EUR3.0 billion for the full year and for net profit to
accelerate faster than EBIT.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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