Deutsche Post Q1 EBIT up 2.8 pct as revenues fall slightly
Deutsche Post World Net AG said first quarter EBIT rose by 2.8 pct to 871 mln eur, while revenues fell 0.4 pct to 10.526 bln as a result of a sales decline in the cash-rich mail business and in the express division.
It said the prior-year figures were adjusted to reflect IFRS accounting
standards, which the company started using this year.
It will report from now on EBIT figures instead of EBITA, which analysts had
forecast would fall below last year’s 937 mln eur.
Analysts had forecast a decrease in EBITA due to lower revenues, which have taken a hit as a result of a decline in sales in the mail business and the express division.
Deutsche Post however affirmed its guidance of reaching an ‘operating
profit’ of at least 3.6 bln eur, a figure it had previously described as EBITA.
