Deutsche Post Q3 operating profit growth beats forecasts

FRANKFURT Tue Nov 12, 2013 1:17am EST

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FRANKFURT Nov 12 (Reuters) - Deutsche Post reported a better-than-expected quarterly gain in operating profit as higher earnings at its Mail and Express units helped offset negative effects of currencies.

Deutsche Post's third-quarter earnings before interest and tax (EBIT) rose to 646 million euros ($866 million) on a 2.5 percent decline in revenues, with rising demand in domestic e-commerce helping to boost profit at the Mail unit, the group said on Tuesday.

The average estimate in a Reuters poll for EBIT was 636 million euros, up 5.3 percent from the year-earlier, and revenues at 13.797 billion. ($1 = 0.7459 euros) (Reporting by Marilyn Gerlach)

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