Deutsche Post 2005 net seen up 25 pct due to new IFRS accounting rules
Deutsche Post World Net AG expects net profit this year to be 25 pct higher than last due in part to the adoption of International Financial Reporting Standards (IFRS), a company spokeswoman said.
Under German accounting norms there was a negative goodwill effect totalling 400 mln eur. This writedown will no longer be reflected under IFRS. ‘On an operating level, nothing will change,’ she said.
She added that Deutsche Post’s US business is currently developing better than expected.
