Deutsche Post DHL Lowers 2015 Guidance

(RTTNews) - Mail and logistics group Deutsche Post DHL (DPSGY.PK), Wednesday lowered its 2015 EBIT guidance.

The company now expects 2015 EBIT to be a minimum of 2.40 billion euros. The company reiterated its earnings forecast for 2016 of EBIT to reach between 3.4 billion and 3.7 billion euros.

Deutsche Post said it recognized the need to weigh potential alternatives and will implement a step-by-step replacement and upgrade of its IT set-up. This could rely on a flexible IT architecture, potentially enhancing and converging existing systems and also incorporating advanced 'off-the-shelf' solutions.

The Group said it will recognize in the result of the first nine months of 2015 one-off effects of a total of 345 million euros.

"As we have said previously, 2015 is a year of transition. Accordingly, we are taking all the measures we can to ensure that our business divisions are optimally positioned for success in the coming years. Our objective for a renewal of our forwarding business remains valid. We are now undertaking further measures to make this renewal business-centric," said Frank Appel, CEO, Deutsche Post DHL Group.