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    DPW   DE0005552004

DEUTSCHE POST AG

(DPW)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/05 03:59:58 pm
57.825 EUR   +0.04%
02:06pDEUTSCHE POST AG : DZ Bank gives a Buy rating
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Deutsche Post : Italian tax police seize funds from local DHL unit - judicial document

06/07/2021 | 07:29am EDT

MILAN, June 7 (Reuters) - Italian tax police have seized assets worth more than 20 million euros ($24 million) from the local unit of logistics giant Deutsche Post DHL as part of a tax fraud probe, a judicial document seen by Reuters showed on Monday.

The Milan tax police confirmed in a statement that a seizure had been carried out against a "transportation and logistics multinational" for more than 20 million euros following an investigation and searches that took place in Milan and nearby cities.

The police did not disclose the name of the company under investigation, but the prosecutors' seizure order, of which Reuters saw a copy, said the probe targeted the Italian arm of Deutsche Post DHL.

The subsidiary of the German group did not immediately reply to a request for comment from Reuters.

The seizure order said two top executives of the firm's Italian unit were under investigation for tax fraud. Under Italian law, companies can be held responsible for crimes committed by their executives.

In their statement, the police said prosecutors in Milan alleged the unnamed logistics company had failed to pay value-added taxes and pension contributions due for staff, by using workers provided by a consortium of 23 local cooperative firms.

($1 = 0.8230 euros) (Reporting by Emilio Parodi; Writing by Valentina Za; Editing by Jan Harvey)


ę Reuters 2021
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Financials
Sales 2021 76 116 M 90 013 M 90 013 M
Net income 2021 4 637 M 5 484 M 5 484 M
Net Debt 2021 13 755 M 16 267 M 16 267 M
P/E ratio 2021 15,6x
Yield 2021 2,76%
Capitalization 71 208 M 84 320 M 84 208 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,10x
Nbr of Employees 565 053
Free-Float 79,3%
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Mean consensus BUY
Number of Analysts 22
Last Close Price 57,87 €
Average target price 64,13 €
Spread / Average Target 10,8%
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Managers and Directors
Frank Appel CEO & Head-Global Business Services
Melanie Kreis Head-Finance
Nikolaus von Bomhard Chairman-Supervisory Board
Werner Gatzer Independent Member-Supervisory Board
Andrea Kocsis Deputy Chairman-Supervisory Board
Sector and Competitors