Deutsche Post AG, Europe’s largest package express carrier, said its first-quarter net income fell 5.9% to $648 million, Bloomberg News reported.
Revenue increased 0.6% at the German company to $17.4 billion. Bonn, Germany-based Deutsche Post reports its earnings in euros.
Its DHL operations sales rose 13% in Latin America and 4.9% in the Asia-Pacific region. Operating income rose 2.9% percent to the equivalent of $925 million, Bloomberg reported.
“We’ve gotten off to a very solid start for the year in what is a very difficult macroeconomic environment,” Chief Financial Officer Larry Rosen said in an interview posted on Deutsche Post’s website.