Deutsche Post raises FY EBIT forecast to at least 3.7 bln eur, was 3.6 bln

Deutsche Post AG said its full year EBIT will reach at least 3.7 bln eur, up from its earlier 3.6 bln eur forecast because of a reduction in its health care provisions.

It said that the reversal of these provisions will have a positive impact of 1.0 bln eur on this year’s EBIT result.

However, this impact will be partially offset by 0.7 bln eur in new provisions relating to unspecified ‘optimisation measures’ and the creation of a new global corporate services divisions.

In total, these effects will have a positive impact of 0.3 bln eur.

Deutsche Post also said that losses at its US Express business will be less than 400 mln eur this year.

Overall, the company expects its Express division to post 2005 operating earnings of about 500 mln eur, an improvement of 130 mln eur from last year.

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