FRANKFURT Jan 14 Germany's Deutsche Post
expects that 2013 will "not be easy" as a weak global
economy weighs on demand for express delivery and other
"Economic volatility is likely to remain high," finance
chief Larry Rosen said at an investor event in New York on
Monday, but added that Deutsche Post was nonetheless well placed
to expand its position in the market this year.
Europe's biggest mail and express delivery company is
expected to provide a more specific outlook for the year when it
publishes its full-year 2012 financial results on March 5.
Rosen indicated Deutsche Post reached its 2012 target for an
operating profit of 2.6-2.7 billion euros ($3.5-$3.6 billion),
saying he was "very satisfied" with the year just ended.
Package deliveries reached a record level during the
Christmas season, exceeding 7 million shipments per day for the
first time as more consumers ordered Christmas gifts over the
internet, Rosen said.
He said he saw the package market growing by 5-7 percent a
year through 2020 as e-commerce's share of overall consumption
rises toward 20 percent from 7 percent now.
Rosen also said Deutsche Post should still be able to reach
its goal of raising its group earnings before interest and tax
(EBIT) to between 3.35 billion and 3.55 billion in 2015.
"We are fully on track," he said.
($1 = 0.7493 euros)
(Reporting Matthias Inverardi; Writing by Maria Sheahan)