Deutsche Post World Net has good start in fiscal 2006
Deutsche Post reports first-quarter group sales up 40.7 percent, operating earnings rise to 917 million euros and international revenue reaches 57.4 percent of total revenue. The company posted 4.2 percent higher profit from operating activities (EBIT) of 917 million euros in the first quarter of 2006 compared with the same quarter last year. Organic growth and acquisitions increased sales by 40.7 percent to 14.8 billion euros. Excluding Exel, which was included in Deutsche Post’s accounts for the first time in the reporting period, group revenues totaled 11.9 billion euros. That corresponds to an increase of 13.4 percent. Consolidated net profit was 482 million euros for the first three months compared with 459 million euros a year earlier, a 5 percent increase. Due to a higher number of shares, earnings per share fell from 41 euro cents to 40 euro cents.
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