E-commerce boom lets Deutsche Post 2021 targets for sixth time

FAN Editor
FILE PHOTO: A Deutche Post sign stands in front of the Bonn Post Tower in Bonn
FILE PHOTO: A Deutche Post sign stands in front of the Bonn Post Tower, the headquarters of German postal and logistics group Deutsche Post DHL, in Bonn, Germany March 11, 2015. REUTERS/Wolfgang Rattay

October 7, 2021

BERLIN (Reuters) – Deutsche Post said on Thursday it would hike its 2021 guidance for the sixth time as the pandemic-spurred boom in e-commerce and parcel shipments continued well into the third quarter of 2021.

The Germany-based provider of postal services said it would provide details of the new guidance with final third-quarter results on Nov. 4 as it reported a better-than-expected preliminary core profit.

The company’s unaudited earnings before interest and taxes (EBIT) came in at 1.77 billion euros ($2.04 billion), above analysts’ average forecast for an EBIT of 1.70 billion euros according to a company-provided poll.

Shares were up 2.3% at 1340 GMT.

(Reporting by Zuzanna Szymanska, editing by Thomas Escritt)

Free America Network Articles

Leave a Reply

Next Post

Report details Trump's efforts to reverse election results

A report by the Senate Judiciary Committee’s Democratic majority details Donald Trump’s extraordinary effort to overturn the 2020 presidential election that he lost ByThe Associated Press October 7, 2021, 2:11 PM • 2 min read Share to FacebookShare to TwitterEmail this article WASHINGTON — A report by the Senate Judiciary […]