By Pietro Lombardi 
 

Deutsche Post AG's fourth-quarter net profit rose but the company said that the coronavirus epidemic may significantly affect some divisions and the 2020 outlook excludes potential effects of the virus.

Net profit for the period rose 5.5% to 858 million euros ($980.1 million), the German freight-and-logistics group said Tuesday.

Revenue rose 0.2% to EUR16.96 billion.

The company proposed a dividend of EUR1.25 a share from the EUR1.15 it paid for the previous year.

Looking ahead, the company said the guidance for this year excludes the possible effects of coronavirus on the business.

"We will not remain entirely unaffected by this world-wide crisis. However, it is currently much too early to judge its financial impact," Chief Executive Frank Appel said.

The outlook for 2022 remains unchanged.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

March 10, 2020 02:34 ET (06:34 GMT)

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