Deutsche Post said second-quarter profit rose by beating estimates, and confirmed full-year targets.
The German goods and logistics company pointed out that net profit rose to 1.46 billion euros from 1.29 billion euros a year ago.
Analysts had expected 1.23 billion euros.
Quarterly revenue rose 23% to €24.03 billion, while earnings before interest and taxes rose 12% to €2.34 billion.
Analysts had expected €21.79 billion in revenue and EBIT of €2.01 billion. The increases are attributed to b2b activities at DHL units.
For 2022, Deutsche Post confirmed EBIT estimates at €8bn, plus/minus 5%.
He added, however, that in the event of a sharp slowdown in the global economy in the second half, EBIT would be in the lower half of the target.
“If the momentum remains as it is, the group even considers an EBIT of more than €8.4 billion to be possible,” he added.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
.jpeg "Claudio Amendola’s new restaurant in Milan: “I have grandmother’s stuffed peppers in my heart, Roman cuisine is successful because it teaches to enjoy the moment”")
