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E-commerce boom lets Deutsche Post 2021 targets for sixth time By Reuters


© Reuters. FILE PHOTO – A Deutche Post sign is seen in Bonn Post Tower. This Bonn Post Tower houses the headquarters for Deutsche Post DHL. Bonn, Germany, March 11, 2015. REUTERS/Wolfgang Rattay

BERLIN (Reuters), Deutsche Post (OTC) announced Thursday that it will increase its guidance 2021 for the sixth consecutive time, as the pandemic-driven boom in ecommerce and parcel shipments continues well into 2021’s third quarter.

Germany’s provider of postal services announced that details would be provided on the revised guidance along with its final third-quarter results Nov. 4, as it revealed a greater-than-expected preliminary core income.

Unaudited earnings (EBIT), or earnings before interest, taxes and taxes of the company came to 1.77 billion euro ($2.04 trillion). This is higher than analysts’ expected EBIT forecast of 1.70 billion euros. According to an industry poll.

At 1340 GMT, shares were up 2.3%

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.