DHL 2000 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2000 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

Group Management Report
14
The Year 2000: a successful stock market launch confirms success-
ful company transformation
The financial year 2000 was all about the company’s IPO.In future Deutsche
Post World Net must assert itself in the international competitive field for
investors – and that is what we intend to do.The owner initially placed
around 29% of the total share capital of Deutsche Post AG.In January 2001,
another 2% were added in connection with the increase in Deutsche Post’s
stake in DHL, taking the percentage of shares traded on the capital market
to around 31%.The eight-fold subscription of the offered shares confirmed
that the successful restructuring of the company in combination with a
systematic implementation of our new strategic direction convinced the
capital market. Our employees have confidence in the development of our
Group also.Around 145,000 employees invested about €400 million of
their private assets in Deutsche Post shares.Business developed very suc-
cessfully for Deutsche Post World Net over the year covered by this report.
Both revenue and profits increased considerably.At €2.4 billion our profit
from operating activities, before amortization of goodwill (EBITA) showed a
marked increase compared with 1999 (up 158.3%).After-tax profits (net
profit for the period before minority interest) rose by 48.4% to €1.5 billion.
Deutsche Post World Net continued during 2000 to pursue its internation-
alization with great drive and tenacity.Thanks to acquisitions and par-
ticipations we were able to increase foreign revenue from the 1999 level of
€4.8 billion to €9.5 billion in 2000.That means that 29.2% of revenue was
generated outside of the domestic market.At the same time, the relative
importance of the mail business continued to diminish from 49.1% of
total revenue in 1999 to 34.5% in 2000.We were able therefore to reduce
our dependence on regulatory parameters even further.
Positive macro-economic environment
Deutsche Post World Net was operating in a favorable macro-economic
environment over the past year – both with its domestic and growing in-
ternational activities.In Germany gross domestic product rose 3% in real
Revenue
in billions
22.4
1999 2000
32.7
+ 46 %
International revenue
in billions
4.8
1999 2000
9.5 + 98%
International revenue share
in %
21.6
1999 2000
29.2