In view of the possibly impending rejection by the US trade war, the US package service provider UPS looks at an unsafe year.
The forecast for 2025 would no longer be updated due to the uncertain macroeconomic environment, it said on Tuesday from Atlanta to present the quarterly figures. For the first three months of the year, these testified to surprisingly good results. The United Parcel Service share was one percent higher in pre-exchanging US trade.
In March, the competitor Fedex had already reduced his annual goals with reference to the uncertain economic situation in the United States. The DHL Group (DHL Group (Ex Deutsche Post)) as a German competitor wants to present its quarterly report on Wednesday. With UPS, however, it is not just the US customs policy that carries uncertainties. At the same time, the group currently wants to reduce its delivery network in order to adapt it to the return quantities.
In the first quarter, the sales of UPS decreased slightly by $ 21.5 billion (18.9 billion euros). However, analysts had expected a greater decline. The operational profit meanwhile increased by 3.3 percent to $ 1.7 billion. The adjusted result per share was also better than expected.
UPS reduces 20,000 jobs
United Parcel Service (UPS) reacts to the uncertainty because of the current macro environment. The US package service is reducing 20,000 jobs this year. He also refused to update his view for this year. In connection with the expected lower shipment volume because of its largest customer, UPS claimed to be reconfiguration of his network. The group assumes expenses of $ 400 to $ 600 million.
The UPS share temporarily lists 0.47 percent in the NYSE in the NYSE at $ 96.63.
Atlanta (dpa-Afx)/Dow Jones
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