Tuesday, March 9, 2010
Deutsche Post forecasts slower earnings for 2010
Deutsche Post AG, Europe’s largest mail carrier, forecast slower earnings growth in 2010 than analysts estimated because of reorganization costs and the loss of a tax privilege in Germany.
Earnings before interest and taxes, excluding one-time gains or costs, will total 1.6 billion euros ($2.17 billion) to 1.9 billion euros, Bonn-based Deutsche Post said today. That compares with an underlying-Ebit estimate of 2 billion euros by Frank Skodzik, an analyst at Frankfurt-based Commerzbank AG.
-Business Week
For the story: www.businessweek.com/news
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