Deutsche Post DHL Group accelerates share buybacks
These plans are part of the share repurchase program 2022-24 announced in March 2022 with a total volume of up to EUR 2 billion, which will be carried out latest until December 2024.
Bonn - Deutsche Post DHL Group today announced that it will accelerate the execution of its running share buyback program. Given the current opportunistic market environment, the Group decided to further front-load the execution of its share buybacks, making use of its financial strength. The Group now intends to carry out share repurchases in the amount of up to EUR 800 million until November 7, 2022, initiating an additional amount of up to EUR 300 million on top of the currently running EUR 500 million tranche. These plans are part of the share repurchase program 2022-24 announced in March 2022 with a total volume of up to EUR 2 billion, which will be carried out latest until December 2024.
"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."
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