Deutsche Post to unveil FY EBITA growth of at least 8 pct
Deutsche Post World Net AG is expected to unveil on Tuesday a full year 2004 EBITA growth of at least 8 pct, with fourth quarter operating profit improving by around 10 pct despite losses in North America, according to analysts polled by AFX News.
Sales are estimated at 42.86-44.62 bln eur from 40.017 bln and net profit at 1.33-1.4 bln eur from 1.31 bln.
Analysts are forecasting EBITA between 3.22 bln eur and 3.32 bln eur, or an improvement of nearly 12 pct at best from 2.975 bln the previous year.
Deutsche Post itself had given a guidance of 7.5-12.5 pct EBITA growth.
Analysts said the Express and Logistics divisions were the main drivers of growth while weakness in Germany’s economy had slowed down the increase in profits of the cash-rich mail segment.
DZ Bank said it expects the Express division to post an EBITA of only 380 mln eur on the back of negative developments in the US.
The bank said the company’s share price might be driven in the future by a continuing upturn in the economy, the announcement of new mid-term EBITA targets and a better development of business in the US.
