Deutsche Post to restate eight quarters
Deutsche Post AG will restate earnings from eight quarters, Der Spiegel reported, citing Chief Executive Officer Klaus Zumwinkel.
The changes will be published Nov. 8 when the postal operator reports third-quarter earnings, Zumwinkel said, according to the German weekly magazine. The CEO said he aims to create “more transparency,” Der Spiegel reported.
Zumwinkel said Deutsche Post may distribute free newspapers if the business can be profitable, Der Spiegel added.
Bonn-based Deutsche Post is Europe’s biggest mail carrier.
