(PRESS RELEASE) BONN, 28-Jun-2022 — /EuropaWire/ — Deutsche Post DHL Group (ETR: DPW), a German multinational package delivery and supply chain management company, has announced its intention to repurchase its own shares for an amount of up to EUR 800 million until November 7, 2022 as part of the share repurchase program 2022-24 as announced in March 2022 with a total volume of up to EUR 2 billion, which will be carried out latest until December 2024. The acceleration of the company’s share buyback program follows the favorable market environment.
“Front-loading our share buyback program will allow us to immediately take advantage of an opportunistic time for share repurchases by leveraging our financial strength”, said Melanie Kreis, CFO Deutsche Post DHL Group. “Thanks to our strong free cash flow generation, we are in a position to ensure that our shareholders are able to benefit from the strong business development through share buybacks in addition to the dividend payments. I am convinced that the Group will continue to deliver substantial value to all stakeholders navigating through a volatile environment.”
Spokesperson for Business and Financial Communications, Global Business Services
Deutsche Post DHL Group
Phone: +49 (0)228 182 9944
SOURCE: Deutsche Post AG