# Deutsche Post raises annual dividend; warns of challenging 2023
Published: 2023-03-09
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: Deutsche Post Raises Dividend and Buyback Program Despite Ec
Meta Description: Deutsche Post raises dividend to record level, expands buyback program, warns of challenging year ahead amidst economic uncertainty. Earnings guidance for 2023
URL: https://brandsjournal.com/deutsche-post-raises-annual-dividend-warns-of-challenging-2023/

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BERLIN (Reuters) – Deutsche Post increased its dividend for 2022 to 1.85 euros per share after a record year on Thursday, up from 1.80 euros a [year](https://brandsjournal.com/euro-zone-aug-producer-prices-edge-up-month-on-month-as-expected-plunge-year-on-year/) earlier, and was expanding its share buyback programme, but flagged a challenging year ahead.

The buyback programme will be increased by 1 billion [euros](https://brandsjournal.com/italian-hearing-aid-maker-amplifon-expects-higher-2023-earnings/) ($1.05 billion) to a total volume of up to 3 billion euros, the company said.

However, the German logistics [company,](https://brandsjournal.com/the-role-of-a-brand-manager-in-a-companys-image-management-strategy/) which owns DHL, warned of economic uncertainty in the current year.

“The slowing macroeconomic growth momentum is reflected in our [EBIT](https://brandsjournal.com/thyssenkrupps-nucera-targets-growth-to-meet-green-hydrogen-demand/) outlook. That is why we are acting particularly prudent in the first half of 2023 and focusing on our yield and cost management,” Chief Financial Officer Melanie Kreis said.

The [company](https://brandsjournal.com/the-role-of-a-brand-manager-in-a-companys-image-management-strategy/) said its 2023 earnings before income and tax (EBIT) guidance covers three scenarios and ranges from 6-7 billion [euros,](https://brandsjournal.com/italian-hearing-aid-maker-amplifon-expects-higher-2023-earnings/) with an [EBIT](https://brandsjournal.com/thyssenkrupps-nucera-targets-growth-to-meet-green-hydrogen-demand/) target of more than 8 billion for 2025.

($1 = 0.9480 euros)

(Reporting by Matthias Inverardi, Writing by Rachel More; Editing by Rashmi Aich)


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