The group is very resilient and “in particular, in the case of the balance sheet, very good.” Therefore, there are no discussions about possible support from the government. Of his already in March, largely conceding profit target for 2020 the Board of management had to say good-bye but: Too strong, the slump in large Parts of the business.
On the stock exchange, the group was punished for the slashed forecast for the year. The Post share lost in the early afternoon of 3.1 percent of their value on 25,10 Euro and therefore belonged to the most vulnerable values in the Dax. Since the turn of the year, she has lost around 26 percent, while the benchmark index, came in last on a drop of almost 23 percent. Deutsche Post 25,07 EUR -0.83 of (-3,20%) Xetra
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To the rate of data
the Post in spite of the expensive consequences of Coronavirus Not to declare a pandemic for the world economy for the first quarter was only negative news. The group reported in the Express and freight business, in the chain of logistics of Delivery and in the case of post advertising, while significant declines. The package of business on the home market growth, according to Appel, however, to a level, as you can see, it is usually only in the run-up to Christmas.
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Management expects that the unusual package that goes boom once more. Therefore, the group intends to use employees from other areas to reinforce in the package business. Also new hires are planned, said Appel.
short-time work planned for a part of the workforce, according to the “Wiwo” 4,000 Employees affected
For a part of the around 185,000 employees in Germany, the Dax-group plans, however, short-time work, as Appel confirmed. About there is currently in talks with the works councils. To employees of subsidiaries, who worked in Camps for the automotive industry. Concrete Figures did not name Appel.
The magazine “business week” according to the appeals circuits on information from a trade Union, could be the 4,000 affected Employees. The Post wanted to hold a “maximum number of employees” in the company, said Appel. The staff were “incredibly proud” to be able to help, “that this Planet can continue to work”. The trade Union Verdi has called on the Post office, to negotiate an agreement to increase the Kurzarbeitergelds for the group as a whole. The company refused, so far, a spokesman said.
Post cuts profit target for the current year,
your profit target for the current year had passed the Post on the eve. The over the years, the goal of an operating profit of more than 5.0 billion euros for 2020 is no longer from the perspective of the Board to reach – even adding in special effects such as the expensive setting of the street scooter business out. Due to the pandemic, the world economic development was not foreseeable.
A new forecast will give the Management first, if it is able to estimate the development in the major regions of the world. Appel hopes that the business in Europe and America to pay, after a stabilization of the Infection similar to the one in China again attracts. He was optimistic that the world economy has left the crisis in the year 2022, largely behind him, and expected that the Post is achieved as planned, operating profit of at least EUR 5.3 billion.
Coronavirus-crisis-quarter earnings of around 200 million euros
In the first quarter weighed on the Coronavirus-crisis, the logistics group, reported to be around 200 million euros. To calculate this effect, as well as special items such as costs for the setting of the street scooter-production, as well as one-time effects from the previous year, would have increased the operating profit by a quarter to nearly one billion, analyzed the Finance Director Melanie circle. In fact, he was, according to preliminary Figures, only around 590 million euros. In spite of all the Post stand because of the liquidity “comfortable,” said circle.
The for the 13. May scheduled annual General meeting, the group moves on a still unknown date. The dividend proposal of EUR 1.25 per share it, stay Appel said.
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