Deutsche Post 3Q Net Profit Rises to EUR641 Million
November 09 2017 - 1:53AM
Dow Jones News
By Anthony Shevlin
Deutsche Post AG (DPW.XE) said Thursday that net profit in the
third quarter rose 3.7%, helped by strong growth in its
international parcel and e-commerce businesses.
The company said quarterly profit rose to 641 million euros
($743.2 million), compared with EUR618 million in the year-earlier
period. Revenue for the quarter was EUR14.64 billion, up 5.6% on
year, it said.
Frank Appel, chief executive of Deutsche Post, said that all
divisions of the company saw growth thanks to a strategic focus on
expanding sectors such as international e-commerce.
Deutsche Post confirmed its earnings outlook for the full year
and beyond, saying it expects an average increase in operating
profit of more than 8% annually to 2020.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
November 09, 2017 01:38 ET (06:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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