Deutsche Post to raise profit, dividend 2006
German postal service group Deutsche Post AG expects to raise profit and pay higher dividend in 2006 against 2005, company CEO Klaus Zumwinkel said on October 13, 2005.
Deutsche Post will generate higher profit in 2006, excluding the acquisition of British logistics group Exel plc, which will not influence next-year results, Zumwinkel added.
Deutsche Post forecast strong growth at its express courier, logistics and financial service divisions, which are expected to register an operating profit of 1.6 bln euro (USD1.918 bln) in 2005. Profit at the mail division is seen at 2.0 bln euro (USD2.398 bln).
The company sees high growth potential on the Asian market, particularly in India, Zumwinkel said. In its express courier and logistics businesses, Deutsche Post plans to grow faster than the Asian market.
