Postal service posts impressive profits

Postal service posts impressive profits
Photo: DPA
Deutsche Post is riding high despite the continuing global financial crisis, unexpectedly healthy profit figures released Tuesday suggest.

Booming online sales and a successful express service have given a boost for the national postal service over the past months, the company said.

The company’s figures for the second quarter of 2013 showed operative profits up by 14 percent, allowing CEO Frank Appel to predict further success for the rest of this year.

Appel said the service was running an operative profit of between €2.75 billion and €3 billion – €50 million more than predicted at the start of the year. Looking ahead, Appel said he wants to push profits even further – up to between €3.35 billion and €3.55 billion by 2015.

“We have further improved our profitability under difficult conditions,” said Chief Financial Officer Larry Rosen. Although the expected global financial recovery had not materialised, added Rosen, the postal service had been prepared for this eventuality.

DPA/The Local/jlb

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