Deutsche Post Q3 EBIT rises 49 pct on strong logistics, financial services
Deutsche Post AG said its third quarter EBIT rose 49 pct to 720 mln eur, from 484 mln a year-earlier, thanks to strong sales at its logistics and financial services units.
The EBIT figure was at the high end of analysts forecast which ranged between 560-860 mln eur.
Third quarter sales reached 11.028 bln eur, up from 10.648 bln, but below the 11.040-11.881 bln eur range analysts forecast because of weakness in the German mail market.
Net profit was 405 mln eur, compared to 169 mln, reaching the high end of 290-408 mln eur range analysts forecast.
Deutsche Post also reaffirmed its full-year outlook, stating that EBIT will reach at least 3.6 bln eur and that its consolidated net profit will exceed last year’s amount by at least 500 mln eur.
The company also said it will raise its 2005 dividend by at least 30 pct from last year’s level.
