Logistics group
Post: operating profit expected at a good 7.7 billion
The Post Tower in Bonn. Photo: Oliver Berg / dpa
© dpa-infocom GmbH
Deutsche Post’s business is booming. Earnings before interest and taxes are likely to be higher than originally expected.
The logistics group Deutsche Post is able to raise its forecast for the fourth time this year thanks to good business.
As earnings before interest and taxes (EBIT) of more than 7.7 billion euros, ten percent more is expected than previously targeted, announced the Dax Group on the occasion of the presentation of its detailed quarterly figures in Bonn. As previously announced, the management has raised the medium-term targets again.
Deutsche Post wants to increase its operating profit to more than 8 billion euros by 2023. Previously, at least 7.4 billion had been targeted. Cumulative for the years 2021 to 2023, the management around CEO Frank Appel now expects the free cash inflows to be 10 billion euros, one billion more than before. The new medium-term targets are slightly above the analysts’ expectations.
The business of the logistics group Deutsche Post continues to boom thanks to high freight rates and shipment volumes. The operating result, the consolidated profit as well as the amount of the free cash inflow, i.e. the available capital, could be doubled in the first nine months in a year-on-year comparison. Deutsche Post had already presented preliminary figures for the past quarter at the beginning of October.