Deutsche Post upbeat for 2010

Deutsche Post delivered an upbeat 2010 outlook after improved shipping volumes and restructuring helped turn around its express business in the first quarter, leading to forecast-beating earnings. “We had a very good start to 2010 and we are on our way toward reaching our 2010 targets,” chief financial officer Larry Rosen said yesterday. Europe’s biggest mail and express delivery company now sees its 2010 operating profit coming in at the upper end of its forecast range of €1.6bn-€1.9bn (£1.36bn-£1.6bn), in line with analysts’ consensus of €1.87bn.