Deutsche Post: exceeds expectations in Q2.
(CercleFinance.com) - Contrary to the market trend in Frankfurt, the Deutsche Post share is up 0.
8% after unveiling Q2 2017 earnings that are up 11.3% at 602 million euros, while the consensus expected 595 million euros.
Deutsche Post's operating profit rose by 11.8% to 841 million euros, with revenues up 4.4% at 14.8 billion euros, particularly driven by the group's international parcel business, E-commerce and express deliveries.
Boosted by these interim results, Deutsche Post has confirmed its targets, with operating profit rising to 3.75 billion euros this year, in addition to average annual growth of more than 8% over the period 2013-2020.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
8% after unveiling Q2 2017 earnings that are up 11.3% at 602 million euros, while the consensus expected 595 million euros.
Deutsche Post's operating profit rose by 11.8% to 841 million euros, with revenues up 4.4% at 14.8 billion euros, particularly driven by the group's international parcel business, E-commerce and express deliveries.
Boosted by these interim results, Deutsche Post has confirmed its targets, with operating profit rising to 3.75 billion euros this year, in addition to average annual growth of more than 8% over the period 2013-2020.
Copyright (c) 2017 CercleFinance.com. All rights reserved.