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Deutsche Post DHL Q4 Profit Soars, Sees Higher Earnings In 2013

Deutsche Post DHL Q4 Profit Soars, Sees Higher Earnings In 2013

Courier giant Deutsche Post DHL (DPSTF.PK,DEUPF.PK) Tuesday reported higher profit and revenue for the fourth quarter, marking the strongest fourth quarter for the company since 2007. The postal and logistics group noted that all DHL divisions contributed to higher profit. The company sees higher operating earnings in 2013.

Consolidated net profit for the fourth quarter surged to 542 million euros ($706.35 million) from 175 million euros in the prior year.

Revenues in the quarter rose 3.2 percent to 14.58 billion euros from 14.13 billion euros in the prior year with a 4.9 percent growth in international revenues at 9.58 billion euros.

Express revenues were 7.8 percent higher at 3.342 billion euros, while Global Forwarding, freight revenues were 3.989 billion euros, up 0.8 percent from last year. Supply chain revenues climbed 5.2 percent to 3.733 billion euros

Earnings before interest and tax, or EBIT, increased 38.1 percent to 827 million euros in the quarter with gains across all businesses. According to the company, the fourth quarter was by far the most profitable one for the group in 2012.

For the year, consolidated net profit climbed 42.6 percent to 1.658 billion euros from 1.163 billion euros in the prior year.

Annual revenues advanced 5.1 percent to 55.512 billion euros helped partly by favorable exchange-rates. International revenues grew 7.2 percent. The firm now generates about 70 percent of its revenues outside Germany. EBIT rose 9.4 percent to 2.665 billion euros.

Frank Appel, CEO of Deutsche Post DHL, said, ''With our strong performance in 2012, we have reached another milestone in our Strategy 2015...With our unique portfolio of products and services and our excellent position in the world's growth markets - the emerging markets and online retailing - we have an exceptional base for generating further profitable growth."

For 2013, the Group's EBIT is projected to increase to between 2.7 billion euros and 2.95 billion euros.

The Group's consolidated net profit is projected to grow in line with the operating business in 2013 and operating earnings are estimated to increase between 3.35 billion euros and 3.55 billion euros by 2015.

The company's board plans to propose a dividend of 0.70 euros per share, as in the previous year.

The stock fell 1.65 percent on Monday to settle at 17 euros.

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by RTT Staff Writer

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