Deutsche Post 4Q Net Profit Edged Lower on Higher Tax Rate
March 07 2018 - 1:47AM
Dow Jones News
By Max Bernhard
Deutsche Post AG (DPW.XE) said Wednesday that its net profit
edged lower in the fourth quarter in part due to a higher tax
rate.
Net profit fell to 837 million euros ($1.05 billion) from EUR841
million in the same period the prior year. Revenue increased 4.5%
to EUR16.11 billion, Deutsche Post said.
Earnings before interest and taxes rose 6.3% to EUR1.18 billion
from EUR1.11 billion.
Deutsche Post proposed a dividend of EUR1.15 a share for 2017,
up from EUR1.05 a share a year ago.
Looking to the year ahead, Deutsche Post forecast Ebit of around
EUR4.15 billion and set its earnings target for 2020 of more than
EUR5 billion.
Net profit in 2017 rose 2.8% to EUR2.71 billion, as revenue
increased to EUR60.44 billion.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
March 07, 2018 01:32 ET (06:32 GMT)
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