Deutsche Post (PC) (USOTC:DPSGY)
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By Pietro Lombardi
Deutsche Post AG (DPW.XE) is targeting earnings of at least 5.3 billion euros ($5.79 billion) in 2022 as part of its 2025 strategy.
Earnings before interest and taxes is expected to reach at least EUR5.3 billion in 2022, from the more than EUR5 billion expected for 2020, the company said Tuesday.
It also expects capital expenditure of between EUR8.5 billion and EUR9.5 billion between 2020 and 2022.
The company will invest EUR2 billion through 2025 in digitalization, a figure already included in its spending plan.
The dividend payout ratio will be kept at between 40% and 60% of net profit, it said.
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(END) Dow Jones Newswires
October 01, 2019 01:58 ET (05:58 GMT)
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