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Deutsche Post beats first quarter forecasts
Deutsche Post reported better than expected quarterly results and confirmed its outlook, citing its strong express delivery and supply chain business in Asia.
Earnings before interest and tax (EBIT) were up 9.9 per cent at 691m euros (£557m) in the three months through April, beating a consensus forecast of 656m euros in a Reuters poll.
Europe’s biggest mail and express delivery company said it still sees its 2012 EBIT improving to 2.5-2.6bn euros from 2.44 billion euros last year, with an increase in sales.