Courier giant Deutsche Post DHL (DPSTF.PK, DEUPF.PK) Wednesday confirmed its targets for full-year 2013, as well as its outlook for the mid term. For the rest of 2013, the company continues to expect the global economy to generate moderate growth and its board proposed a dividend of 0.70 euros per share for the 2012 financial year.
The German postal and logistics firm noted that after a successful year 2012 and a solid start in the new year, it remains confident about the future.
For full-year 2013, the Group still expects earnings before interest and tax or EBIT to increase to between 2.7 billion euros and 2.95 billion euros. Consolidated net profit is projected to grow in line with the operating business in 2013.
For 2015, Deutsche Post DHL continues to expect Group EBIT to be between 3.35 billion euros and 3.55 billion euros. MAIL division's EBIT contribution would be at least 1 billion euros, and for DHL divisions, the Group expects earnings to increase at an annual average of 13 percent to 15 percent between 2010 and 2015.
At the company's Annual General Meeting, Chief Executive officer Frank Appel said, "Strategy 2015 has given our company a clear compass that has made it possible for us to confidently navigate the financial and economic crisis. It will help us remain on track even without any economic tailwind."
For its first quarter, Deutsche Post DHL had reported a decline in profit, amid a loss of around 2.5 working days in Germany as well as non-recurrence of a one-time gain last year. Revenues slightly increased mainly due to volume and revenue growth in international express business as well as parcel segment in Germany.
While reporting its first-quarter results in the middle of this month, the firm had reaffirmed its earnings view for 2013.
On Frankfurt's Xetra, Deutsche Post shares are currently trading at 20.01 euros, down 1.33 percent, on a volume of 2.51 million shares.
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