Deutsche Post Says 3Q Earnings Rose; Plans to Raise Full-Year Forecast
October 10 2022 - 8:20AM
Dow Jones News
By Maitane Sardon
Deutsche Post AG said on Monday that earnings rose in the third
quarter as capacity utilization remained good in the networks of
all its divisions, and that it expects to raise its earnings
forecast for the full year.
The German freight-and-logistics group said Monday that earnings
before interest and taxes came in at 2.04 billion euros ($1.99
billion) in the third quarter, according to preliminary results. In
the same period a year earlier the company's EBIT was EUR1.77
billion.
Group EBIT for the nine months of the current year was around
EUR6.5 billion, up from EUR5.76 billion in the year prior.
The company said it expects to raise the earnings forecast for
the full year 2022. It is currently targeting EUR8 billion in EBIT,
plus or minus 5%.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
October 10, 2022 08:05 ET (12:05 GMT)
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