DHL 2000 Annual Report Download - page 59

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EXPRESS
51
EXPRESS corporate division: EBITA
in ī€ millions
60
1999* 2000
76
successfully introduced the EASYLOG shipping logistics system. This
is a software product that provides technical support for domestic, interna-
tional and express dispatch, from labeling right through to customs decla-
rations.
Express Europe
Compared with 1999 we were able to practically double our revenue in 2000.
A significant share of that growth stems from the acquisition of Securicor,
Van Gend & Loos, Ducros,MIT and Guipuzcoana.These companies enjoy
leading positions in their own domestic markets.
Global M ail
During the past financial year,the business division recorded a pleasing
increase in revenue of 24% over 1999.International acquisitions and the
setup of new sales offices in Hong Kong and France contributed to that in-
crease.
This trend also received a boost from the rise in remuneration levels under
the EU-approved REIMS II agreement. The 1999-2000 increase occurred
because service quality had improved and for the first time a full yearā€™s ac-
counting was possible in line with the agreement.
Profit improves despite difficult environment
Compared with the previous year, profit from operating activities,before
amortization of goodwill (EBITA) increased by 26.7%.This increase can be
primarily traced back to the optimization of operational processes in the
Express Germany business division.Express Europe is still in the construc-
tion phase ā€“ the integration of the numerous newly acquired companies is
still ongoing.The rise in fuel and integration costs weighed heavily on profits.
In both business divisions we will be strengthening our sales efforts and
lowering costs to improve profits.Trends in the Global Mail business divi-
sion were positive.
* Restated, see Notes 6 and 7 to Consolidated Financial
Statements
Deutsche Post Global M ailā€™s worldwide presence
Windson
Chicago New York
Detroit Sterling
Los
Angeles Mexico City
Copenhagen
Utrecht
Birmingham
London Brussels
Lille Bonn
Paris
Basel
Geneva
Vienna
Salzburg
Milan
Barcelona
Tokyo
Hong Kong
Singapore
Sydney
Sales offices (planned)
Sales offices (existing)