Coronavirus, which started in China and has since spread around
the world, has killed almost 2,800 people and tens of thousands
of people are infected. World share markets have crashed.
"In the past weeks, trade volumes have weakened, not only on the
inbound and outbound China trade lanes but also in countries of
Asia; constraints on industrial production are increasingly
expected also outside of China," the company said in the
Citing global economic uncertainties, Deutsche Post said it
would no longer pursue exploratory talks on possible partners
for Streetscooter, its electric van business.
It predicted that decision would lead to one-off charges of
300-400 million euros for this financial year.
Regarding its 2020 guidance for group EBIT of more than 5
billion euros, it said this was "as of now excluding any still
to be quantified effect induced by Corona implications, as well
as the above mentioned charges related to the decision on
It said its forecast for group EBIT of a minimum of 5.3 billion
euros in 2022 was not affected.
Shares in Deutsche Post were down 4% at 1236 GMT.
Deutsche Post reported 2019 group revenues of 63.3 billion euros
and group EBIT of 4.128 billion euros, putting it within its
announced range of 4-4.3 billion euros.
(Reporting by Michelle Martin; Editing by Riham Alkousaa and
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