Deutsche Post downgraded earnings forecast for 2018 in connection with business optimization

The world leader in terms of air and sea freight volumes, German company Deutsche Post, lowered EBIT for 2018 from 4 billion 150 million euros to 3 billion 200 million euros due to a number of measures to optimize the business. The company announced its intention to fix this year a write-off of 500 million euros against a background of restructuring, which aims to reduce indirect expenses and increase productivity in the subdivision that handles mail, parcels and delivery for online stores. The management of Deutsche Post expects that this will help reduce expenses by 200 million euros per year by 2020.

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