DHL 2001 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 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

40
Business developments
In 2002,Deutsche Post World Net’s business will continue to record positive growth.
At a Group level,we are expecting strong revenue growth, due primarily to the
first-time consolidation of DHLI.
In view of the current strains on the economy as a whole,it will be difficult to
top 2001’s record earnings.
Corporate divisions
Looking at 2002,a decisive factor for the MAIL Corporate Division will be the
economic situation and the future development of the advertising market.
In 2002, the first-time consolidation of DHLI will give a significant boost to
EXPRESS Corporate Division revenues.We will focus in particular on the restruc-
turing and integration of DHLI into the Group.
The poor state of the economy in 2002 will continue to impact the LOGISTICS
Corporate Division.However, we are still expecting further good development in
this segment.
Thanks to its good market positioning, we expect the FINANCIAL SERVICES
Corporate Division to continue the successful development it recorded in previous
years.
Dividends
With regard to our policy on dividend payments, we will continue to pay an
earnings-based dividend to our shareholders.We are planning a distribution ratio
of 25 to 30% of consolidated net profit.
Procurement
In future, an Internet-based transport portal will enable Deutsche Post World Net
to buy and organize online the transport services it requires in the area of Euro-
pean overland transport, provided by freight carriers for the different corporate
divisions within the Group. The new transport portal will enable us to offer and
outsource all European freight for the MAIL, EXPRESS und LOGISTICS Corpo-
rate Divisions – and most importantly therefore, for Danzas – to the different
freight carriers.