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 firstname.lastname@example.org
To contact the editor responsible for this story: Benedikt Kammel at email@example.com