In Q3 15, revenues increased 3% to €14.4bn. Currency adjusted revenues declined marginally also due to lower fuel charges. EBITDA declined 15.5% to €836m. EBIT plummeted 71% to €196m and the EBIT margin declined from 4.8% to 1.4%. Excluding one-off items of around €426m, EBIT still declined substantially by 8.1%. The transformation of the Global Forwarding Freight business into the New Forwarding Platform failed completely. Therefore management recognised an impairment los
11 Nov 2015
Currency and one-off items are driving the performance
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Currency and one-off items are driving the performance
Deutsche Post AG (DHL:WBO) | 0 0 0.5% | Mkt Cap: 45,425m
- Published:
11 Nov 2015 -
Author:
Heinz Steffen -
Pages:
3
In Q3 15, revenues increased 3% to €14.4bn. Currency adjusted revenues declined marginally also due to lower fuel charges. EBITDA declined 15.5% to €836m. EBIT plummeted 71% to €196m and the EBIT margin declined from 4.8% to 1.4%. Excluding one-off items of around €426m, EBIT still declined substantially by 8.1%. The transformation of the Global Forwarding Freight business into the New Forwarding Platform failed completely. Therefore management recognised an impairment los