Deutsche Post: stock up after Q2 results
(CercleFinance.com) - The Deutsche Post DHL share is up 2% in Frankfurt on Wednesday morning, after the group published Q2 2020 EPS that is up 13% at 0.
43 euro, a few cents above the consensus, with operating profit that is up 18% at 912 million euros.
At just under 16 billion euros, the German logistics group's revenues grew by 3.1%, accelerating from the first three months of the year, despite negative currency effects.
For FY 2020, Deutsche Post DHL now expects an operating profit of 3.5-3.8 billion euros, with free cash flow of around 1.4 billion euros, with capex of around 2.9 billion euros.
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43 euro, a few cents above the consensus, with operating profit that is up 18% at 912 million euros.
At just under 16 billion euros, the German logistics group's revenues grew by 3.1%, accelerating from the first three months of the year, despite negative currency effects.
For FY 2020, Deutsche Post DHL now expects an operating profit of 3.5-3.8 billion euros, with free cash flow of around 1.4 billion euros, with capex of around 2.9 billion euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.