Deutsche Post stunned its shareholders with record operating profit, revenue and operating cash flow.
Frankfurt The timing for Post boss Frank Appel could hardly be better – of course, it is not the result of a coincidence. For the first time in four years, he will face his shareholders again in person on May 4th after they had to listen to him silently on the computer screen three times in a row.
At the World Conference Center in Bonn, he received the ovations of his shareholders, from whom he said goodbye on the day of his leadership office. Because the 61-year-old CEO is leaving at the peak of his career.
The neurobiologist, who has a doctorate, recently reported a whopping EUR 94.4 billion in sales for the past financial year. A record result for the former state-owned company, which is still 20.5 percent federally owned. And what’s more: Since the first full year in office in 2009, Appel has managed to exactly double its revenues – and with almost no acquisitions.
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