Deutsche Post’s Second-Quarter Earnings Decline
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Second-quarter sales, boosted by Exel, rose 32 percent to 14.5 billion euros, missing analysts’ 14.9 billion-euro estimate, Bloomberg reported.
eutsche Post AG, parent of DHL Americas, said Tuesday its second-quarter profit fell as the company spent more on acquisitions and to win back U.S. express business, Bloomberg reported.
Net income fell 48% to 254 million euros ($325 million) or 21 cents a share, from 488 million euros, or 44 cents a year earlier, Bloomberg reported.
Earnings were reduced by more than 40 million euros in costs to consolidate last year’s $7.1 billion acquisition of Exel Plc, the company said. (Click here for previous coverage.)
DHL Americas is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
