DPDHL brings forward its share buyback programme
Deutsche Post DHL Group today announced that it is accelerating its share buybacks. In view of the current opportunistic market environment, the Group decided to use its financial strength to accelerate the implementation of share buybacks.
The Group now intends to carry out share buybacks of up to EUR 800 million by November 7, 2022 by increasing the current EUR 500 million tranche by up to EUR 300 million. These plans are part of the share buyback program 2022-24 announced in March 2022 with a total volume of up to EUR 2 billion, which will be implemented by December 2024 at the latest.
“Bringing forward our share buyback program allows us to immediately take advantage of an opportune time for share buybacks and to make targeted use of our financial strength,” said Melanie Kreis, CFO deutsche Post DHL Group. “On the basis of the free cash flow generated, we are in a position to allow our shareholders to participate in the strong business development in addition to the dividend payments through share buybacks. I am convinced that our company will continue to create significant value for all parties involved in a volatile environment.”