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| Name | Symbol | Market | Type |
|---|---|---|---|
| Deutsche Post AG (PK) | USOTC:DPSGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 49.33 | 0.00 | 01:00:00 |
From Apr 2019 to Apr 2024
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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