Deutsche Post CEO Says Company Is on 'Very Healthy Track'
Deutsche Post AG’s third-quarter profit jumped more than threefold as the mail operator recovered from costs for a failed software project at its freight forwarding unit a year ago. Operating profit surged to 755 million euros ($834 million) from 197 million euros, beating the 746 million-euro average of six analyst estimates compiled by Bloomberg. The gains came as more online retailers shipped parcels through the company’s network, and the company raised postage rates for standard letters at the beginning of the year, the Bonn-based company said in a statement. Chief Executive Officer Frank Appel discusses business with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."