Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Post    DPW   DE0005552004

DEUTSCHE POST

(DPW)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Deutsche Post : German government eyes larger hike in postal charges; Post shares rally

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 04:17am EST

DUESSELDORF, Germany (Reuters) - The German government could order a larger increase in the cost of sending a letter than earlier planned, the Frankfurter Allgemeine Zeitung reported, sending shares in Deutsche Post 2.6 percent higher on Monday.

Citing sources, the newspaper said that postage on a letter could be increased to 85 or 90 cents from this summer under legislative changes that the Economy Ministry is expected to initiate this week.

The hike would be larger, but come later, than a hike of up to 4.8 percent in the standard letter rate of 70 cents (0.61 pounds) that had originally been pencilled in for April and would have remained in force until the end of 2021.

No comment was immediately available from the Economy Ministry, but the Federal Network Regulator that oversees the postal market confirmed that the government was working on a new postal directive.

The regulator was aware of the government's deliberations, and was examining whether to make short-term changes in its ongoing deliberations on adjusting postal charges, a spokesman said.

Deutsche Post, which delivers 59 million letters a day in Germany and has a market share of 62 percent, welcomed the government's deliberations but declined to comment on how much postage costs would go up.

The company, which is partly state-owned, has enjoyed a boom in volumes thanks to the rapid growth in parcel shipments by online retailers such as Amazon.com and Zalando but price increases have not kept pace with its costs.

(Reporting by Matthias Inverardi; Writing by Douglas Busvine; Editing by Louise Heavens)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE POST
02/15DEUTSCHE POST : Fabian Rybka to Expand Operations in Bangladesh and Sri Lanka fo..
AQ
02/14DEUTSCHE POST : First Electric Delivery Vehicles Launched in New Zealand
AQ
02/12DEUTSCHE POST : DHL boosts presence in Saudi Arabia with new logistics facility
AQ
02/12DEUTSCHE POST : DHL hires hundreds of customs staff to prepare for no-deal Brexi..
RE
02/11EUROPE : European shares bounce back as trade talks resume
RE
02/11DEUTSCHE POST : German government eyes larger hike in postal charges; Post share..
RE
02/11DEUTSCHE POST : DHL Express names first Bahraini as GM
AQ
02/10DEUTSCHE POST : DHL Express appoints 1st Bahraini as GM level
AQ
02/08DEUTSCHE POST : DHL Global Forwarding launches Global Competence Center for Huma..
AQ
02/08DEUTSCHE POST AG : Preliminary announcement of the publication of quarterly repo..
EQ
More news
Financials (€)
Sales 2018 61 841 M
EBIT 2018 3 281 M
Net income 2018 2 115 M
Debt 2018 13 500 M
Yield 2018 4,37%
P/E ratio 2018 15,81
P/E ratio 2019 11,91
EV / Sales 2018 0,75x
EV / Sales 2019 0,72x
Capitalization 33 077 M
Chart DEUTSCHE POST
Duration : Period :
Deutsche Post Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE POST
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 34,4 €
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Frank Appel CEO & Head-Global Business Services
Nikolaus von Bomhard Chairman-Supervisory Board
Melanie Kreis Head-Finance
Werner Gatzer Independent Member-Supervisory Board
Henning Kagermann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE POST8.74%37 357
UNITED PARCEL SERVICE14.63%95 262
FEDEX CORPORATION14.00%46 805
EXPEDITORS INTERNATIONAL OF WASHINGTON8.62%12 710
YAMATO HOLDINGS CO., LTD.-1.66%10 815
SG HOLDINGS CO LTD--.--%8 854