DHL 2002 Annual Report Download - page 6
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The Group
5
provide an independent attestation of what we have been promising you, our
shareholders, over the past few years: our Group is solidly managed and financed
and stands on a sound foundation. I intend to ensure that this does not change
in the future.
2. After the European Union approved our acquisition of a majority share in
DHL in October, we completely took over the global market leader in the cross-border
express business at the end of the year. We now plan to make this valuable brand
the center of our global express and logistics business. I believe that the acquisition
of DHL will enable us to continue to globally expand the Group’s position and the
success of our services.
So what is our outlook for the future?
With the takeover of DHL, we laid the foundation for our Group-wide value creation
program, STAR, which we also began in 2002.
The STAR program defines the Group’s corporate strategy for the upcoming
years. I would like to take this opportunity to confirm the following point once again:
we aim to generate a profit from operating activities of €3.1 billion in 2005. We have
intentionally set ourselves an ambitious goal. It is up to us to reach it, and we will!
My strong conviction is based on the fact that I have been guiding this Company
on its path towards becoming a global leader for more than ten years now. Although
we suffered some setbacks during this time, we mastered the most important challenges
and thus, on the whole, produced a great success story. 2002 was the twelfth year
in a row in which we increased our revenue, further reduced our debt and improved
balance sheet ratios. How many companies can say the same right now?
I see more success on our horizon in the coming years: we will be an inter-
nationally strong company for our customers, an economically sound Group that has
the starting position and employees necessary to become the global leader in the
future sector of logistics.
This is both the Company’s and my own grand vision for the future.
Ladies and gentlemen, it is your confidence in Deutsche Post World Net that
allows us to systematically continue on the path we have set out on. I would like to
express my most sincere thanks for this in the name of the Group and its employees.
I am pleased to be able to present you with a proposal for a dividend of €445
million and a corresponding dividend per share of €0.40 for the past fiscal year.
We are building on a solid foundation, and we still have many plans to
implement. I very much hope that you will continue to accompany us on our journey
in the future.
Sincerely,
Dr. Klaus Zumwinkel
Chairman of the Board of Management
Letter to our Shareholders