Deutsche Post Raises Guidance Despite Flagging Economic Challenges
08 Noviembre 2022 - 12:52AM
Noticias Dow Jones
By Ed Frankl
Deutsche Post AG on Tuesday raised its full-year guidance after
its operating profit jumped on year, as it weathered economic
uncertainty while e-commerce trends gather pace.
The German logistics group, which owns the international
shipping company DHL, said it would raise its 2022 guidance for
earnings before interest and taxes to around 8.4 billion euros
($8.42 billion), from EUR8.0 billion, plus or minus 5%, under
previous guidance.
It came after EBIT for the year to the end of September rose to
EUR6.5 billion from EUR5.9 billion in the same period of 2021, the
Bonn-based company said.
Meanwhile, net profit in the third quarter was EUR1.23 billion,
up from EUR1.09 billion, while revenue rose 20% to EUR24.04
billion, driven by its international B2B business.
Both figures beat expectations of EUR1.17 billion for net profit
and revenue of EUR22.29 billion, according to analysts' estimates
provided by the company.
However, the company warned of global growth that is losing
momentum and of a weakening macroeconomic environment.
"Looking ahead to the final quarter, Deutsche Post is well
positioned despite continuing global economic uncertainties," the
company said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
November 08, 2022 01:37 ET (06:37 GMT)
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