Post boss says goodbye with a record year and increased dividend
AFarewell gift for the shareholders: the outgoing Post boss Frank Apple increases the dividend for 2022 after a record year and expands the ongoing share buyback program. For the past year, the Bonn group wants to put 1.85 (previous year: 1.80) euros per share on the table, he announced on Thursday. The existing share buyback program will be increased by one billion euros. The total volume is now up to three billion euros.
But in the current year the post paying tribute to rising prices and depressed consumer sentiment. Due to the continuing uncertainty about the course of the economic recovery, the EBIT forecast for 2023 includes three scenarios and is in a range of 6.0 to 7.0 billion euros, the group said.
In addition, the collective bargaining conflict with the union earnings further tighten. The Federal Ministry of Economics is also working on a new postal law that could bring far-reaching changes for the Bonn-based group in Germany. In 2025, operating income (EBIT) should then increase again to more than eight billion euros.
Last year, Swiss Post still benefited from the parcel boom and increased freight rates. Earnings before interest and taxes (EBIT) rose to 8.4 (previous year: eight) billion euros. The logistics group’s turnover for the year as a whole rose by 15.5 percent to 94.4 billion euros.
Post boss Appel, who has been in office since February 2008, will soon be leaving the company. At the Annual General Meeting on May 4th, he will hand over his office to Post Board Member Tobias Meyer.
