News / Profits on the up at Deutsche Post-DHL as third-quarter earnings soar

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Financial analysts today welcomed Deutsche Post-DHL’s third-quarter results, which showed higher profits, despite worsening trade.

The company posted an extraordinary 151% increase in earnings before interest and tax (ebit) of €942m, compared with €376m in the third quarter of last year.

However, the figures were skewed by investments in “property, plant and equipment in the Express division”, as well as a non-recurring expense in its Post & Parcel division last year of €392m.

According to analyst Jeffries, Q3 ebit had widely been expected ...