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Logistics
Deutsche Post sees 8% earnings rise through 2020
Date:2014-04-04 Readers:

Deutsche Post expects its earnings before interest and tax to increase by more than eight percent per year on average through 2020, the German logistics and mail group said.


"Our aspiration is to be the leading force in the logistics industry by 2020 and the company that defines logistics," said chief executive Frank Appel, reported Dow Jones Newswires.


The group expects EBIT at its DHL logistics and forwarding division to rise on average by 10 percent annually through 2020 and the mail division by three percent.


Last year's group EBIT was US$3.94 billion and the 2015 EBIT target of between $4.62 billion and $4.9 billion remains unchanged.


Deutsche Post expects emerging markets to contribute 30 percent of group revenue by 2020, up from just over 20 percent currently.


"Our new strategy will enable us to continue on our growth path beyond 2015 and significantly increase our profitability year by year," said chief financial officer Larry Rosen, "and we will achieve this primarily through organic growth."

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