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World trade is booming: Swiss Post is heading for the next record year

World trade is booming
Posta is headed for the next record year

Normalization in online trading, but strong growth in the global logistics business: Deutsche Post earned a lot more in the first quarter. So far, however, the group does not want to set itself new goals and limits itself to confirming the forecasts.

Even after the record year 2021, Deutsche Post is still on the path to growth thanks to strong development in the freight division. “The expected normalization in online trading occurred in the first quarter. However, we were able to overcompensate for this with very good results in our global logistics businesses,” said CEO Frank Appel. The group confirmed its goals for 2022.

German postal service
German postal service 40.23

From January to the end of March, sales for the year increased by a fifth to 22.6 billion euros, the Post said. The operating result (EBIT) went from 1.9 billion to 2.2 billion euros. After taxes and third parties, shareholders had a profit of almost 1.4 billion euros after 1.2 billion euros a year ago.

Post chief Appel had already stated in his speech at the annual general meeting that the outlook for the current year had remained positive. The boom in online commerce and the resurgence of world trade had taken Deutsche Post from record to record in the past. Despite the slowdown in the parcel business, the express business and freight have been able to grow.

“The numbers are good,” a market participant said in the morning of the interim report. “They are about ten percent wider than expected.” The house only confirmed the view. “But the numbers now are a good basis for at least reaching the prospects,” he says, adding, “It would have been presumptuous to increase the prospects in the current environment.”

After the sharp decline in price of around 40 percent since the start of the year and the relative underperformance relative to the leading DAX index, the stock is now expected to recover, according to market participants.

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