Deutsche Post 1st-Quarter Earnings Gained on International Express Growth
May 11 2016 - 2:02AM
Dow Jones News
By Natascha Divac
FRANKFURT--Germany's Deutsche Post AG (DPW.XE) said Wednesday
that its first-quarter earnings rose, helped by strong growth in
its international express business, as well as its parcel and
eCommerce operations.
Consolidated net profit rose 29% to 639 million euros ($727.3
million), beating analysts' expectations of EUR571 million.
Revenue, however, declined 6.1% to EUR13.9 billion in the first
three months of the year, falling short of analysts' forecasts for
EUR14.89 billion.
Quarterly earnings before interest and taxes, or Ebit, rose 21%
to EUR873 million. Analysts had expected EUR815 million.
"The good start to the year puts us firmly on track to achieve
our targets for 2016," said Deutsche Post Chief Executive Frank
Appel.
The logistics company said it still expected Ebit of between
EUR3.4 billion and EUR3.7 billion for the full year.
Write to Natascha Divac at natascha.divac@wsj.com
(END) Dow Jones Newswires
May 11, 2016 01:47 ET (05:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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