DHL 1999 Annual Report Download - page 26

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Management Report
with the means offered by the Internet,generating addi-
tional volumes for our networks in the process. Exam-
ples of these services include:
MAIL:
• Deutsche PostCom (www.deutschepost.de/dpcom),
a communications broker that handles the integration
and intermeshing of various forms of communica-
tion. PostCom makes sure that the transition from
electronic to physical communication works – in both
directions. Its range of services in this area extends
from electronic data interchanges to e-mail, all the
way to fax communication.
• Deutsche Post Printcom (www.postag.de/printcom),
the attractive hybrid postal service for large volumes
of regular mail. ePOST is a constantly growing
printing, enveloping and mail service. ePOST centers
receive the customer’s letters in electronic format
which they then print, envelope, prepare for dispatch
and mail.
• Adress Factory (www.postadress.de) provides
electronic address verification and address list colla-
tion services.
Value-added services represent an important growth
area in the e-Business field as well.We offer various serv-
ices from the e-Business supply chain which are located
along the interface between electronic services and
physical services.
EXPRESS:
• Deutsche Post Fulfilment (www.postag.de/
kontraktlogistik) offers traditional logistics services
such as warehouse management, order processing,
dispatch preparation and distribution and extends to
innovative services in the areas of order and financial
management.Solutions that are tailor-made for speci-
fic industries have been developed with an eye to indi-
vidual customer requirements.
LOGISTICS:
• Danzas Solutions (www.danzas.com) also offers
e-Business-driven services.For example,Danzas is the
preferred logistics partner of an Internet auction site
which specializes in industrial equipment and facili-
ties and was set up as an initiative of the World Eco-
nomic Forum.
FINANCIAL SERVICES:
• Online Banking (www.postbank.de).With 650,000
customers,we hold a top position in Germany.
• Online Brokerage (beginning in the summer of
2000).With around 10 million Postbank customers,
we have a favorable starting position.
5. Business development
5.1. Accounting according to IAS
Deutsche Post World Net prepared its Consolidated
Financial Statements for 1999 for the first time ever on the
basis of the International Accounting Standards (IAS).
This decision was taken with an eye to facilitating inter-
national comparisons of our performance figures and
accommodating the information needs of the capital
markets,and of investors and analysts in particular.
5.2. Revenue
Group revenue grew by 52.5 percent to a total of EUR
22.4 billion during the 1999 business year.Deutsche Post
AG generated EUR 14.5 billion in sales. This growth was
due primarily to new acquisitions. The FINANCIAL
SERVICES corporate division, for example, was created
with the acquisition of Postbank; the LOGISTICS cor-
porate division with the acquisition of the Danzas
Group. LOGISTICS accounted for EUR 4.2 billion
of total Group revenue in 1999. Fueled by its success-
ful direct mail activities, the MAIL corporate division –
our largest division – was able to increase sales by 2.9
percent to EUR 10.2 billion. The EXPRESS corporate
division also reported positive development with sales
increasing by 28.5 percent to EUR 4.6 billion,largely due
to acquisitions.
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