Deutsche Post sees FY 2007 EBIT 'at least' 3.6 bln eur vs 3.9 bln in 2006
Deutsche Post AG said it expects full-year EBIT of ‘at least’ 3.6 bln eur, down from the 3.9 bln eur reported in 2006, as it does not expect to repeat one-time gains comparable to last year’s sale of 276 mln eur shares in Deutsche Postbank AG.
The German mail carrier said the target represents an increase of 3 pct from last year’s result excluding one-off gains, adding it sees a ‘positive business development’ ahead.
Deutsche Post also said it expects its Express division to achieve full-year EBIT of at least 400 mln eur.
The unit is set to complete its restructuring programme by 2009, with analysts saying it may be finalised ahead of schedule.
Its Mail division’s EBIT is expected to remain flat at 2 bln eur, as the company expects international business units to offset losses in its domestic German market caused by increased competition.
The company also said it wants to raise EBIT at its Logistics unit by 15 pct from last year’s 762 mln eur and sees ‘high single-digit percentage growth’ in revenue.
Deutsche Post’s Financial Services division will also grow, with the group anticipating a rise in revenue, driven by ‘the steady increase in contributions from BHW’.
The division will achieve EBIT of about 100 mln eur, an increase of at least 5 pct.
