CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Deutsche Post share price down 1.7% even after CEO claims no sign of slowdown

The group's shares opened slightly lower from the closing price a day ago to €27.00 on Thursday morning, before sliding to €26.65 minutes into early trading.

Shares of German postal company Deutsche Post DHL Group fell in early trading on Thursday as investors remain worried on a sluggish global economic trade for this year even after the group claimed that there were no signs of a slowdown.

Deutsche Post added that the restructuring program in its German post-and-parcel business segment will help support its earnings this year.

In December, the group’s rival FedEx spooked investors with a worse-than-expected slash in its profit expectations for this year. FedEx had warned of a slowdown in freight demand as the global economy is forecast to soften this year.

Deutsche Post's shares opened slightly lower from the closing price of €27.10 a day ago to €27.00 on Thursday morning, before sinking 1.7% to €26.65 minutes into early trading.

The counter pared back some of its losses close to an hour later, as it fell by 0.63% or €0.17, at €26.93 at 9.45am, Germany time.

Fourth quarter sales up 5.1%, higher than expectations

The postal and logistics firm posted a 5.1% increase in fourth quarter sales to €16.9 billion, higher than analysts’ forecast of €16.65 billion. Operating profit was within expectations, at €1.1 billion.

Deutsche Post said operating profit for this year should rise to between €3.9 billion and €4.3 billion.

The group’s chief executive Frank Appel said the postal company’s broad-based offerings made it ‘resilient’ even if global conditions worsen, adding that the group ‘have not seen any signs of a noticeable slowdown on the horizon’.

Deutsche Post had issued a profit warning for last year, and started a restructuring programme in June at its “post – ecommerce – parcel” division. The group also divided its post-and-parcel delivery business into a local and an international unit.


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