DHL 2001 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2001 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

21
The Group
Group Management Report
EXPRESS
The EXPRESS Corporate Division increased its revenue in the year under review
by €0.4 billion to €6.4 billion,although competition on all markets served by
its three business divisions has increased. These business divisions are: Express
Germany (domestic parcel services), Express Europe (European parcel services)
and Global Mail (international mail logistics).
The revenues recorded by all three business divisions increased in 2001.
For example,Express Europe was up by 10.0% year-on-year, while Global Mail
recorded a considerable 20.4% rise. This was due mainly to the initial consoli-
dation of companies acquired in the previous year, as well as the rise in average
prices payable to us under the “REIMS II”agreement as a result of the high
quality of our services.
Earnings growth was particularly impressive at 131.6%.Due to the first-time
inclusion of compensation unusual in the competitive environment as infrastruc
-
tural charges for the MAIL Corporate Division, profit from operating activities
(EBITA) rose to €176 million. Other contributing factors were pricing and cost
management in the Business Division Express Germany as well as positive
developments in revenue and expenses in the Business Division Global Mail.
LOGISTICS
The LOGISTICS Corporate Division also recorded another increase in revenue.
The globally operating Danzas group, comprising the Solutions, Intercontinen-
tal and Eurocargo Business Units, provides end-to-end supply chain solutions.
These include tailor-made logistics solutions, international air and ocean freight,
project forwarding and European overland transport.
Revenues recorded by the corporate division rose by 10.4% to €9.2 billion,
from €8.3 billion in 2000. Besides additional acquisitions,this encouraging
development was due to organic growth.
In 2001, the LOGISTICS Corporate Division further optimized its workflows
and processes and successfully generated new business.Although this corporate
division was particularly hard hit by the economic downturn and the terrorist
attacks on September 11, it was able to increase its profit from operating activi-
ties (EBITA) by 40.7%, from €113 million to €159 million.The reasons for this
increase include our flexible adjustment to changing market conditions and the
realization of synergies gained from the integration of ASG and Nedlloyd ETD
in the previous year.