UPDATE 2-Deutsche Post sees China volumes start to recover after coronavirus hit [Reuters]
DEUTSCHE POST AG S/ADR (DPSGY)
NASDAQ:AMEX Investor Relations:
dpdhl.com/en/investors.html
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Source: Reuters
UPDATE 2-Deutsche Post sees China volumes start to recover after coronavirus hit * Dividend 1.25 euros vs analyst forecast for 1.20 euros * 2020-2022 free cash flow target lifted * Shares up 6% * Express volumes recover, no slowdown yet in Europe * Growth of Amazon logistics to cap German parcel volume (Adds details from analyst presentation) By Emma Thomasson BERLIN, March 10 (Reuters) - German post and logistics group Deutsche Post DHL said on Tuesday that it had started to see volumes in China recover from the impact of the coronavirus outbreak, and announced a bigger than expected annual dividend. The company also lifted its target for free cash flow and its shares jumped 6% in early trade, after losing more than a fifth in the last week as the virus spread globally. “Our immune system is in great shape,” Chief Executive Frank Appel told a conference call with analysts. DHL’s express volumes have started to recover in China and the company was putting planes back into the network,
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