Deutsche Post Backs 2022 View; 1Q Profit Rose
May 03 2022 - 1:55AM
Dow Jones News
By Kim Richters
Deutsche Post AG on Tuesday confirmed its targets for 2022 and
posted higher net profit for the first quarter.
The German freight-and-logistics group said quarterly net profit
rose to 1.35 billion euros ($1.42 billion) from EUR1.19 billion a
year earlier.
Revenue increased 19.8% to EUR22.59 billion, while earnings
before interest and taxes rose 13% to EUR2.16 billion, it said.
"The first quarter saw the expected normalization in e-commerce.
However, we were able to overcompensate that development with
strong results in our global logistics activities," Chief Executive
Frank Appel said.
Deutsche Post confirmed its 2022 guidance, which includes EBIT
of EUR8 billion, plus or minus 5%. It also backed its medium-term
targets.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
May 03, 2022 01:40 ET (05:40 GMT)
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