Deutsche Post 1Q Profit Rose, Guidance Confirmed
May 10 2019 - 01:43AM
Dow Jones News
By Max Bernhard
Deutsche Post AG (DPW.XE) said Friday that first-quarter net
profit rose and backed its guidance for the year.
Net profit rose 24% to 746 million euros ($835.9 million) from
EUR600 million the same period a year earlier. Revenue increased
4.1% to EUR15.35 billion.
Earnings before interest and taxes rose 28% to EUR1.16 billion
from EUR905 million.
"The surge in earnings was driven by nonrecurring income from
completing the supply-chain partnership with S.F. Holding in China
initiated at the end of 2018," the company said. Restructuring
costs at the supply chain division and the ecommerce solutions
division slowed earnings growth, it said.
Deutsche Post confirmed its earnings guidance for the year,
still forecasting EBIT between EUR3.9 billion and EUR4.3 billion in
2019.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 10, 2019 01:28 ET (05:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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