Wednesday, 29 May 2013

Deutsche Post DHL vote on EUR 0.70 earnings per share at Annual General Meeting

The annual general meeting of German logistics giant Duetsche Post DHL took place today in Frankfurt. Members are expected to approve an earnings per share of EUR 0.70. 

Frank Appel
CEO Frank Appel

In spite of a 5.9% drop in profit for the first quarter compared to 2012, DHL insist they are in a good financial position and are responding well to the challenges of the current economic climate. 

CEO Frank Appel told shareholders, "Strategy 2015 has given our company a clear compass that has made it possible for us to confidently navigate the financial and economic crisis. It will help us remain on track even without any economic tailwind. At the same time, we continue to benefit from our ongoing efficiency gains. Only streamlined, flexible structures and continuous cost optimization will enable us to have the necessary financial strength to invest in the future and thus generate long-term profitable growth."

The group anticipate moderate growth for the rest of the year, and the DHL divisions are expected to contribute most to this forecast. Appel also expounded upon the group's mid-term strategy: "As 'The Postal Service for Germany' and 'The Logistics Company for the World,' we intend to become the provider, employer and investment of choice," the CEO said. "By taking this comprehensive company approach, we plan to fully unlock the huge potential of our company."

Source: DHL

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