DHL 1999 Annual Report Download - page 54

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60
With the progressive opening of the letter mail markets,
we can provide our mail customers tailor-made
dispatch solutions that do not stop at national borders.
Working within international organizations such as the
Universal Postal Union,PostEurop and the Internation-
al Post Corporation, we promote liberalization efforts
and international competition.We are presently expand-
ing our cross-border letter mail activities in our
Deutsche Post Global Mail business unit, offering busi-
ness customers a broad range of international mail
solutions. Global Mail is now present in both Europe
and America’s most important markets.
Strong grow th through acquisitions
Revenue continued to develop positively through 1999,
with external sales for the entire EXPRESS corporate
division growing by 28.5 percent to EUR 4.6 billion for
the year. Euro Express was a major factor behind this
performance.The acquisition of express delivery service
providers which hold strong positions in their national
markets especially helped boost growth in sales.Acquired
in 1999,Van Gend & Loos (NL),Ducros (F) and MIT (I)
each made particularly significant contributions to
overall sales performance.We were also able to increase
revenue in our Global Mail and International Mail
business units, due mainly to the geographic expansion
of Global Mail’s activities.
Evidencing a turnaround, operating profit (EBIT)
before amortization of goodwill was positive for the first
time ever in 1999. We improved last year’s results by a
total of EUR 71.5 million, resulting in a profit of EUR
64.9 million. Acquisitions effected during 1999 also
played a role in expanding our market shares and
improving our profit standing. Successful rationaliza-
tion measures also contributed to the improvement in
our operating profit.
in EUR bn, 1999
Group revenue
22.4
Revenue
generated by the
EXPRESS
corporate divison 4.6
External Revenue Group
EXPRESS corporate division
4,000
2,000
3,000
1,000
0
3,576.3 4,593.8in EUR mill.
External Revenue
EXPRESS corporate division
1998 1999
+ 28.5 %
70
60
50
40
30
20
10
0
1998 1999
70
60
50
40
30
20
10
0
– 6.6 64.9in EUR mill.
Operating Profit (EBIT)
before amortization of goodwill
EXPRESS corporate division