DPSGY Deutsche Post AG (PK)

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)

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