DHL 2001 Annual Report Download - page 20

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20
The profit from operating activities (EBIT) after the deduction of goodwill
amortization amounted to €2,382 million in 2001. This corresponds to an
increase of €147 million or 6.6% as against 2000.
The financial result declined by €32 million year-on-year to a net financial
loss of €229 million. This includes the loss from associates, and for the most
part, interest expenses. The net profit for the year after financial result and taxes
amounted to €1,593 million, growing 4.3% year-on-year. The (basic) earnings
per share for fiscal year 2001 are €1.42 (up 4.4%). Further information on the
individual income and expense items is presented in the Notes.
MAIL
Despite the weak economy, at €11.7 billion the MAIL Corporate Division was
able to maintain its revenue level. Core services provided by this corporate
division include the transport and delivery of written communications by
three business divisions: Mail Communication, Direct Marketing and Press
Distribution.
Despite the partial access to services required by the regulatory authority,
allowing major customers and competitors access to parts of our networks,
and the economic slowdown revenue from Mail Communication, the strongest
business division, remained at a high level. We were able to generate further
revenue potential from new product-related services.
At €1,960 million, the profit from operating activities (EBITA) remained at
last year’s positive level despite the difficult economic environment. Operating
expenses before depreciation and amortization increased slightly on account
of a 1.2% rise in operating expenses in line with the general increase in prices.