* Q3 EBIT 604 mln euros, vs poll 648 mln
* Q3 revenues 13.84 bln euros, vs poll 13.59 bln
* Q3 Mail division EBIT down 1.9 pct at 3.28 bln euros
* Affirms 2012 and mid-term targets
FRANKFURT, Nov 8 Deutsche Post missed
expectations for quarterly operating profit, after costs at its
Mail business rose while its home market Germany was hit by
Europe's debt crisis.
"We will reach our target for the year," chief executive
Frank Appel said on Thursday. "Of course we too see and feel the
effects of the generally slowing economy. But we have been able
to deal with them very well thus far."
Europe's biggest express delivery and mail company said on
Thursday third-quarter earnings before interest and tax (EBIT)
fell 6.5 percent to 604 million euros ($770 million), compared
with a forecast for 648 million in a Reuters poll.
Revenue rose 5.7 percent to 13.84 billion euros, against a
13.59 billion forecast.
Some of Deutsche Post's competitors have lowered guidance,
with European logistics rivals Kuehne&Nagel and
Panalpina reporting weak volumes in air freight and
ocean cargo amid reduced trade between Asia and Europe.
Deutsche Post, which generates 30 percent of revenues from
Germany, said quarterly operating profit fell because of
seasonal factors at its Mail division, which implemented a 4
percent wage rise during the period.
Deutsche Post, which raised its profit guidance in August,
said it continued to expect 2012 EBIT of 2.6-2.7 billion euros,
compared with 2.44 billion last year. It also confirmed a target
to grow operating profit to 3.35-3.55 billion euros by 2015.