DHL 2001 Annual Report Download - page 87

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87
After the full integration of ASG and Nedlloyd ETD, which were acquired
in prior years, the Eurocargo Business Unit concentrated on optimizing inter-
nal processes and streamlining the organization of its pan-European network.
Against this backdrop, we commissioned one of the largest warehouse and
transshipment centers in Europe in Hamburg. This terminal serves as a gateway
for Scandinavia and the Baltic States and expands our capacity for our outsourc-
ing business. On the whole, the business unit was able to further consolidate
its leading market position and operate more profitably. Revenue rose by 2.2%
from €3,225 million to €3,295 million. The business unit also compensated
for declines in shipping volume in Germany, France and Sweden with positive
growth in other countries.
Earnings rise despite weak economy
Profit from operating activities (EBITA) rose from €113 million to €159 million
compared with the prior year.
The Solutions Business Unit saw a substantial increase due to the positive
course its business took during the year. The Intercontinental Business Unit’s
profit exceeded the previous year’s figure,although the weakness in the global
economy was particularly noticeable here. The Eurocargo Business Unit recorded
a considerable improvement of earnings attributable to process optimization
and the realization of synergies achieved through the integration of the acquired
companies.
Corporate Divisions
Logistics
EBITA and return on sales
113 1.4%
2000
159 1.7%2001
in €m
66,270
2000 57,165
2005
in €m
Annual growth rate 3.0%.
Source: Company estimates according to Logistik 2000, Prof. Klaus, GVB, Nuremberg.
European overland transport market volume