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E-commerce boom lets Deutsche Post 2021 targets for sixth time - Metro US

E-commerce boom lets Deutsche Post 2021 targets for sixth time

FILE PHOTO: A Deutche Post sign stands in front of the Bonn Post Tower in Bonn

BERLIN (Reuters) – Deutsche Post said on Thursday it would hike its 2021 guidance for the sixth time as the pandemic-spurred boom in e-commerce and parcel shipments continued well into the third quarter of 2021.

The Germany-based provider of postal services said it would provide details of the new guidance with final third-quarter results on Nov. 4 as it reported a better-than-expected preliminary core profit.

The company’s unaudited earnings before interest and taxes (EBIT) came in at 1.77 billion euros ($2.04 billion), above analysts’ average forecast for an EBIT of 1.70 billion euros according to a company-provided poll.

Shares were up 2.3% at 1340 GMT.

(Reporting by Zuzanna Szymanska, editing by Thomas Escritt)

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