DHL 2002 Annual Report Download - page 64

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63
Corporate Divisions
EXPRESS
European* CEP market 2001
8% La Poste
6% UPS
56% Others
9% TPG
5% Consignia
16% Deutsche Post World Net
Market volume: €34 billion. Total European market volume: €38.3 billion
* Belgium, France, Germany, Italy, the Netherlands, Spain and the UK
Source: Deutsche Post AG
Increase in revenue due to DHL consolidation
In fiscal year 2002, total revenue for the EXPRESS Corporate Division rose by 94.5%
to €12,489 million. This growth was primarily due to the first-time consolidation
of DHL. On a comparable basis, revenue approximately matched the previous
year’s level.
In the Express Germany Business Division, we succeeded in increasing volumes,
while revenue, at €2,796 million, remained stable as compared to the previous year
(€2,795 million). The retail outlet customer segment profited among other things from
the continuing growth of Internet auction houses, such as eBay.
Revenue in the Express Europe Business Division fell year-on-year from €2,054
million to €1,941 million. This reflects a one-time effect that arose in 2001 due to a
change in the Securicor group’s fiscal year. In 2001, the end of the group’s fiscal year
was changed from September 30 to December 31, which meant that the results for
2001 contained revenue generated over 15 months instead of 12. In fiscal year 2002,
the companies included in consolidation changed: the Spanish company Guipuzcoana
Euro Express was fully consolidated for the first time as from October after we
increased our holding from 49% to 51%. At the same time, however, several smaller
business units that were transferred to the LOGISTICS Corporate Division at the
beginning of the year are no longer included in consolidation. Positive revenue effects
from operations resulted from the increase in dispatch volumes at Euro Express in
Italy, Spain and Portugal.
Revenue by Business Division
in €m 2001 2002 Change
in %
Express Germany 2,795 2,796 0.0
Express Europe 2,054 1,941 -5.5
Global Mail 1,315 1,239 -5.8
Worldwide Express – 6,162
Internal revenue 257 351 36.6
Total 6,421 12,489 94.5