1409 GMT - DHL owner Deutsche Post AG is among the most mentioned companies across news items over the past 12 hours, according to Factiva data. The German logistics group expects slowing economic growth to result in earnings before interests and taxes for 2023 significantly lower than last year, which was a record year for the company due to a strong performance in its international operations. Chief Executive Frank Appel said the company expects the first half of the year to be particularly challenging. Deutsche Post saw signs of slowing economic momentum in the fourth quarter. It reported results that beat expectations on the top line and fell slightly short of forecasts at the EBIT level, according to consensus estimates provided by the company. However, the company increased its share buyback by 1 billion euros ($1.05 billion) to EUR3 billion over the 2022-24 and said it is targeting a recovery in earnings in 2025. Dow Jones & Co. owns Factiva. (adria.calatayud@dowjones.com)


(END) Dow Jones Newswires

03-09-23 0924ET