Wednesday , October 20 2021

Expensive renovation resulted in quarterly profits from the German post office



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After the profit warning in June, analysts also expected a slightly stronger decline in the third quarter. Post CEO Frank Appel looks at the price to reach the real operating profit of 3.2 billion euros since June. He had originally had a good million more in mind. The cost reductions introduced today should help exceed EUR 5 billion for ebit in 2020. On average, analysts are not expected to succeed.

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