German postal and logistics giant
Deutsche Post said yesterday it met its earnings targets last year
thanks to the strong performance of its international express and German
parcel business and remains confident for the current year, reports AFP
from Frankfurt.
“Despite a still challenging environment we delivered a solid
performance in 2014, by building on our strong market position in
e-commerce and emerging markets,” said chief executive Frank Appel. Net
profit slipped by 1 per cent to 2.071 billion euros ($2.2 billion) last
year, the group said. But underlying or operating profit climbed by 3.5
per cent to 2.965 billion euros on a 3.1 percent increase in revenues to
56.63 billion euros. Sales growth was “supported by steady volume and
revenue gains in the international express and German parcel businesses
in particular,” the statement said. The former state monopolist has been
able to make up for the decline in its traditional letter delivery
business expanding its online commerce and parcel delivery.
The group’s Post-eCommerce-Parcel (PeP) division booked a 2.6 per cent increase in revenues to 15.7 billion euros, and the express delivery division reported an increase of 5.7 per cent to 12.5 billion euros.
The group’s Post-eCommerce-Parcel (PeP) division booked a 2.6 per cent increase in revenues to 15.7 billion euros, and the express delivery division reported an increase of 5.7 per cent to 12.5 billion euros.
