DHL 2002 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2002 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 161

  • 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
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161

18
A year under the sign
of the bear
Deutsche Post Stock and Bonds
Deutsche Post stock data
Deutsche Post stock managed to outperform the market during most of H1/2002
despite the extremely harsh market environment. Although difficult conditions
set in mid-year due to external factors, our share price nevertheless outperformed
the DAX 30 during the year as a whole.
After receiving good initial valuations from the rating agencies, we successfully
entered the debt capital markets in the autumn with our first bond.
2001 2002 Change
in %
Year-end closing price in € 14.99 10.00 -33.3
High in € 24.78 17.48 -29.5
Low in € 11.80 7.62 -35.4
Price/earnings 10.6 17.0
Price/cash flow 1) 4.5 3.9
Number of shares shares 1,112,800,000 1,112,800,000
Market capitalization in €bn 16.7 11.1 -33.3
Earnings per share in € 1.42 0.59 -58.5
Earnings per share (adjusted) 2) in € 1.42 1.41 -0.7
Cash flow per share 1) in € 2.82 2.56 -9.2
Equity in €m 5,353 5,095 -4.8
Return on equity before taxes 3) in % 45.9 35.5
Dividend in €m 412 445 4) 8
Dividend per share in € 0.37 0.40 4) 8
Return on dividend 5) in % 2.5 4.0
1) Cash flow l
2) Adjusted for repayment of €907 million (see explanation on page 19, last paragraph)
3) Profit from ordinary activities less extraordinary expense/average equity
4) The Board of Management intends to propose this dividend to the Annual General Meeting
5) Based on year-end closing price