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German Post is sticking to targets for 2009 – BO

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FRANKFURT (Dow Jones) – The German Post AG maintains its Profit targets for 2009 and is working on a new financial strategy. "We stand by our forecast for 2009 and may Confirm assessment of early November, "said Chief Financial Officer Lawrence Rosen in an interview with the "Börsen-Zeitung" (BOEZ – Saturday edition). At that time, the DAX group had the goal for The operating result (EBIT) increased to 1.35 billion from 1.2 billion euros and a net gain in prospect.
In the opinion of Rosen’s third quarter ", the Placed turnaround. "Here, have it first, tentative signs of recovery given the global economy. At the same time have the letter and Logistics group made significant progress on the cost side and Additional savings and efficiencies achieved.
With a new financial strategy Rosen wants transparency in the Group increased. The plan was, on the 9th March during the presentation of the results for 2009, details of the new Corporate Finance, Distribution policy and strategy for cash flow, debt and credit rating to . call Investors had the lack of comparability of Statements criticized.
Website: http://www.boersen-zeitung.de
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END) Dow Jones Newswires
January 24, 2010 09:45 ET (14:45 GMT)
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