Parcel boom increases postal profits

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The parcel boom thanks to the flourishing online trade made the tills ring at Deutsche Post in the third quarter. Post boss Appel also spoke up today on the subject of corona vaccines.

The management sees the logistics company ready for the distribution of a possible corona vaccine. The group is ready for distribution and is in talks with pharmaceutical companies and governments, said CEO Frank Appel on the occasion of the quarterly figures on the currently dominant topic.

The post can also transport vaccines that have to be extremely cooled. "The distribution will not fail because of the logistics," stressed Appel. The contract logistics division of the group operates around 180 locations around the world that are tailored to the needs of the pharmaceutical industry, in which sensitive medical products can be stored and packaged in various temperature zones.

Corona bonus for employees

In the opinion of the management, Swiss Post is of course also equipped for the logistical needs of everyday life. In any case, the anticipation for Christmas is increasing: "This year we are expecting a parcel boom like we have never seen before," said Appel. Because of the Corona crisis and the related boom in online retail, Deutsche Post has long had to cope with a flood of parcels. In the third quarter, 367 million parcels were sent in Germany, 11.6 percent more than a year earlier.

Revenues in the Post & Parcel Germany segment increased by 3.4 percent to 3.8 billion euros compared to the same period in the previous year, and the operating result rose from 304 million to 320 million euros. Without a corona bonus of 300 euros per employee and a one-time payment according to the collective agreement, it would have been even higher.

Further course information on Deutsche Post

Apparently, the management not only wants to satisfy the shareholders with a high high result, but also to invest in the satisfaction of the employees, who are exposed to particular stresses in pandemic times.     

Profit jump and sales growth

The group's total sales rose by 4.4 percent to 16.2 billion euros in the third quarter. Since things were going very well in areas such as the express business and they were operating much more profitably, net profit even increased by around half to 851 million euros.

Despite the successful quarter, the Post share is one of the losers in the Dax. Analyst Christian Obst from Baader Bank believes that online trading will continue to play a role in Bonn in 2021 and 2022. The boost from internal optimization measures is decreasing.