Arab Today, arab today deutsche post set to deliver on 2016 targets after strong first quarter
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

Deutsche Post set to deliver on 2016 targets after strong first quarter

Arab Today, arab today

Arab Today, arab today Deutsche Post set to deliver on 2016 targets after strong first quarter

rank Appel, chief executive of German postal
Frankfurt - AFP

German postal services and logistics giant Deutsche Post, owner of express delivery specialist DHL, on Wednesday said it was on track to meet its full-year targets after a strong first three months.

"We've had a good start to the current year," said chief executive Frank Appel.

"The efforts we made in 2015 to position ourselves for profitable growth in all divisions are paying off. Last year was a year of transition, and we are now firmly on track to achieve our targets for 2016," Appel said. 

Against the background of "moderate" global economic growth, Deutsche Post said that the restructuring it implemented last year "should lead to a substantial increase (in operating profit) in the current year."

It is projecting underlying or operating profit, as measured by earnings before interest and tax (EBIT), of 3.4-3.7 billion euros "after a good first quarter," the company said.

"The group is also maintaining its targets beyond 2016: Deutsche Post DHL Group continues to forecast an average increase in operating profit of more than eight percent annually during the period from 2013 to 2020," it said. 

CEO Appel described the first three months as the "strongest quarter in the company's history," with net profit up 29.1 percent to 639 million euros ($728 million) and EBIT rising by 21.3 percent to 873 million euros.

Revenues declined by 6.1 percent to 13.872 billion euros, but that was due to negative currency effects and accounting changes related to a key customers in the supply chain division, Deutsche Post said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deutsche post set to deliver on 2016 targets after strong first quarter Arab Today, arab today deutsche post set to deliver on 2016 targets after strong first quarter

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deutsche post set to deliver on 2016 targets after strong first quarter Arab Today, arab today deutsche post set to deliver on 2016 targets after strong first quarter

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday