# Deutsche Post raises annual dividend; warns of challenging 2023
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Deutsche Post Increases 2022 Dividend to 1.85 Euros Per
Meta Description: Deutsche Post raises its dividend to 1.85 euros per share for 2022, expands buyback programme, and warns of economic uncertainty in the year ahead.
URL: https://financedigest.com/deutsche-post-raises-annual-dividend-warns-of-challenging-2023html

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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 earlier, and was expanding its share buyback programme, but flagged a challenging year ahead.

The buyback programme will be increased by 1 billion euros ($1.05 billion) to a total volume of up to 3 billion euros, the company said.

However, the German logistics company, which owns DHL, warned of economic uncertainty in the current year.

The slowing macroeconomic [growth momentum](https://www.financedigest.com/impact-com-ends-2022-with-strong-momentum-driven-by-client-and-agency-partner-growth.html "impact.com Ends 2022 with Strong Momentum Driven by Client and Agency Partner Growth") is reflected in our EBIT 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](https://www.financedigest.com/how-much-does-cloud-based-financial-software-cost.html "How Much Does Cloud-based Financial Software Cost?") Officer Melanie Kreis said.

The company said its 2023 earnings before income and tax (EBIT) guidance covers three scenarios and ranges from 6-7 [billion euros](https://www.financedigest.com/eu-seeks-clarification-on-italy-post-covid-plan-freezes-19-billion-euros.html "EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros"), with an EBIT 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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