Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Deutsche Post `Very Satisfied' With 2012 on Parcel Record

Jan. 14 (Bloomberg) -- Deutsche Post AG, Europe’s largest postal service, is “very satisfied” with performance in 2012 after record Christmas-season parcel volume in Germany, the mail carrier’s biggest market.

Deutsche Post delivered 7 million parcels a day in its home nation prior to the Dec. 25 holiday as shoppers ordered more gifts online, Chief Financial Officer Larry Rosen said today in a company newsletter. Deutsche Post’s mail division will benefit from expected growth in the German parcel market of as much as 7 percent a year through 2020, when consumers will spend one-fifth of their money online, Rosen said.

Electronic commerce will help stabilize the Bonn-based company’s earnings as traditional mail volume shrinks and persistent economic troubles in Europe hamper Deutsche Post’s ability to forecast its DHL express and freight brand’s performance. Deutsch Post reiterated today that it plans to increase earnings at DHL to as much as 2.9 billion euros ($3.9 billion) by 2015, from an expected 2 billion euros in 2012.

“We won’t have an easy year in 2013, given the remaining uncertainty of the economic outlook,” Rosen said in the newsletter. At the same time, “we are positioned to operate more robustly and flexibly than ever before, making us well-prepared for economic setbacks.”

To contact the reporter on this story: Richard Weiss in London via rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.