Package delivery company Deutsche Post raised its mid-term financial targets on Tuesday, March 9. The move comes after the company beat its estimates for 2020, believing the E-commerce boom will continue.
The company anticipates its operating profit to ascend to more than 5.6 billion euros in 2021, and more than 6.0 billion euros in 2023, after a 17% rise to 4.8 billion in 2020.
The company expects growth in the online business and shipment volumes in the domestic and global delivery businesses. It expects World trade and business customer activities to recover over time.
The company plans to buy back shares of 1 billion euros for a one-year period from March. It will propose a 1.35 euros dividend per share for 2020.
