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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 May 2021 to May 2024
By Kim Richters
Deutsche Post AG on Tuesday confirmed its targets for 2022 and posted higher net profit for the first quarter.
The German freight-and-logistics group said quarterly net profit rose to 1.35 billion euros ($1.42 billion) from EUR1.19 billion a year earlier.
Revenue increased 19.8% to EUR22.59 billion, while earnings before interest and taxes rose 13% to EUR2.16 billion, it said.
"The first quarter saw the expected normalization in e-commerce. However, we were able to overcompensate that development with strong results in our global logistics activities," Chief Executive Frank Appel said.
Deutsche Post confirmed its 2022 guidance, which includes EBIT of EUR8 billion, plus or minus 5%. It also backed its medium-term targets.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
May 03, 2022 01:40 ET (05:40 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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