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Investors in German Post to

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HB FRANKFURT. A gain boost and a more optimistic outlook has boosted the shares of Deutsche Post. Last were the titles of the logistics group’s 3.3 percent above its previous day’s close of 13.50 euros.

"Sales and operating earnings were above expectations , "said one market players . " During the day, but could use profit-taking , as the competitors FedEx and UPS already provided strong numbers, and had raised their forecasts . "Post – rival TNT , however, had published the day before disappointing quarterly results.

Nevertheless, the recovering economy , the world’s largest mail and logistics companies can be more optimistic look to the future. After the competitors United Parcel Service and FedEx on Tuesday lifted the German post to its annual forecast. The Bonn-based group now expects an operating profit ( EBIT ) before one 1.9 to 2.1 billion ( previously : 1.6 to 1.9) billion euros , said the Post on Tuesday. Reason for the optimistic outlook, is that the express and logistics business had performed better than expected. In the second Quarter , the Group recorded a profit increase , but remained slightly below market expectations .

"As an engine of global trade we have in the second quarter benefited greatly from the revival of the global economy , "reported CEO Frank Appel. Revenues from April to June had increased by 15.6 percent to 12.795 billion euros. Operating income ( EBIT ) before one almost doubled to 503 (previous year: 257) million euros, an EBIT after special items was 253 (109 ) million. The profit after minority Third party rose to 81 (66 ) million euro – an even greater increase prevented from a revaluation of forward contracts Postbank sale to the German bank, which impacted the financial result by 22 million euros.

The Post presented mainly in the express cargo business and in sales to strong, with declines in the past in fighting field, the letter proceeds developed stably . All areas were able to increase operating profit. When the post could total sales exceed market expectations , earnings , they missed it easy : Analysts had one on a turnover of 11.77 billion € EBIT of € 297 million and a surplus of € 89.3 million expected.

The analysts at LBBW then raised to the target price for the Post share from 14 to 16 € . Your assessment is further: Now .