German postal and logistics firm Deutsche Post DHL (DPSTF.PK), in its mid-term profitability targets announcement, said it expects the Group EBIT to climb to between 3.35 billion euros and 3.55 billion euros by 2015. Also, the Group reinforced the goals set for 2015, including stabilising the MAIL division's EBIT at atleast 1.0 billion euros and having the DHL divisions reach a compound annual earnings growth rate of 13% - 15% by 2015, while generating an EBIT of 2.7 billion euros - 2.9 billion euros.
In addition, Deutsche Post DHL anticipates to be able to reduce Corporate Center/Other expenditures from around 400 million euros today to about 350 million euros by 2015. Finance Chief, Larry Rosen, also confirmed Deutsche Post DHL's dividend policy stating that the company still aims at distributing 40 percent to 60 percent of its consolidated net profit to the Group's shareholders.
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