DPSGY Deutsche Post AG (PK)

By Maitane Sardon

Deutsche Post AG said on Monday that earnings rose in the third quarter as capacity utilization remained good in the networks of all its divisions, and that it expects to raise its earnings forecast for the full year.

The German freight-and-logistics group said Monday that earnings before interest and taxes came in at 2.04 billion euros ($1.99 billion) in the third quarter, according to preliminary results. In the same period a year earlier the company's EBIT was EUR1.77 billion.

Group EBIT for the nine months of the current year was around EUR6.5 billion, up from EUR5.76 billion in the year prior.

The company said it expects to raise the earnings forecast for the full year 2022. It is currently targeting EUR8 billion in EBIT, plus or minus 5%.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

October 10, 2022 08:05 ET (12:05 GMT)

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