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Bonn (dpa) - The parcel boom in Corona times has brought the Deutsche Post DHL magnificent business.
It went so well that the group now wants to buy back shares for one billion euros.
The shares repurchased within one year will either be withdrawn or used to service compensation programs, as the company announced on Monday.
After the announcement, the share price jumped and was not far from its all-time high.
CEO Frank Appel is likely to concretize his long-term goals at the balance sheet press conference (10.30 a.m.) on Tuesday.
In the Corona year 2020, the group with its 550,000 employees worldwide was able to post a record result; according to preliminary figures, earnings before interest and taxes (EBIT) rose to 4.8 billion euros.
In 2019, the value was 4.1 billion euros.
Consolidated sales climbed by 5 percent to 66.8 billion euros in 2020.
The final numbers will be on the table on Tuesday.
Because stationary stores were temporarily closed last year and people were at home a lot, internet orders went through the roof - and with it the demand for parcel shipments from market leader DHL and from its competitors DPD, Hermes and UPS.
According to its own statements, DHL transported 1.83 billion parcels in Germany in 2020, significantly more than in the pre-Corona year 2019. There it was 1.59 billion.
This year there should be the next high for the company - the increase could flatten off a bit, but according to the appraisal of company boss Appel, things are going up in terms of parcel volumes.
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© dpa-infocom, dpa: 210308-99-739694 / 2