DHL 2000 Annual Report Download - page 29

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Group profits doubled
Profit from operating activities, before amortization of goodwill (EBITA)
was twice as high for Deutsche PostWorld Net in 2000 than in 1999 and
amounted to €2,379 million.All four corporate divisions contributed to
the achievement of such an extraordinarily positive EBITA outcome.
In the MAIL corporate division we increased EBITA by 98.6% to €2,004
million.The main reason for this was our lower contributions to the pension
fund for the employed civil servants, which thus clearly improved the ratio
of staff costs to revenue.
EBITA in the EXPRESS corporate division was increased by around 26.7%
from the previous year to €76 million.This positive development is primari-
ly due to cost reductions in the Express Germany business division that came
about as a result of numerous restructuring measures. Trends in the Global
Group Management Report
21
Profit from operating activities, before amortization of goodwill (EBITA) by corporate division
2000 19 9 9
in millions Change
in %
MAIL 2,004 1,009 99
EXPRESS* 76 60* 27
LOGISTICS* 113 – 27*
FINANCIAL
SERVICES* 505 58* 771
Total for corporate divisions 2,698 1,100 145
Other/consolidation – 319 – 179
Total 2,379 921 158
* Restated, see Notes 6 and 7 to Consolidated Financial Statements