DHL 2006 Annual Report Download - page 15

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The Supervisory Board elects Dr. Jürgen Weber as its
new Chairman, following the Annual General Meeting
on May 10, 2006.
Deutsche Post World Net joins the UN Global Compact.
(Kofi Annan and Dr. Monika Wulf-Mathies)
The Group combines all of its forwarding activities by
air, sea and, in Europe, also by land in its LOGISTICS
Division.
Products and services
May To continue its growth in Russia, DHL plans
onsite investments of around US$250 million over the
next four years in infrastructure, products, technologies,
and employees.
July DHL lowers parcel prices in Germany and
reduces the number of weight classes from three to
two, making parcel shipments even more attractive for
private customers.
September Williams Lea opens a 6,500m2 center for
mail and document solutions in Norwich in the UK with
an approximately 400-strong workforce.
October The topping-out ceremony takes place at
DHL’s new European air hub at Leipzig/Halle airport. With
a total area of some 48,000m2, the distribution center
scheduled to go into operation in 2008 will generate
approximately 3,500 jobs by 2012.
November Postbank takes on HypoVereinsbank
payment transactions, thus expanding its market
leadership position in this segment.
December Deutsche Post merges its national mail and
parcel business. This will allow us to optimize internal
workflows and further enhance service quality.
Group milestones
May Deutsche Post AG and ver.di agree to a 3% increase
in wages and salaries to be implemented between
November 2006 and October 2007, and a further 2.5%
by April 2008.
The Annual General Meeting approves a dividend of €0.70
per share for 2005, which represents a 40% increase on
the previous year and more than one-third of consolidated
net profit. The Supervisory Board elects Dr. Jürgen Weber
as its new Chairman.
July The strong performance of Postbank stock prompts
Deutsche Post to redeem the exchangeable bond on
Postbank stock before maturity. A total of 27.3 million
shares are converted, reducing the share of Deutsche Post
in Postbank to 50% plus one share.
Deutsche Post World Net joins the UN Global Compact
which works to promote globalization in line with social
and environmental principles.
KfW Bankengruppe sells 63.6 million Deutsche Post
shares. Including the greenshoe, this transaction increases
the number of freely tradeable shares by 73.1 million and
the share of Deutsche Post stock in free float from 58%
to 65.9%.
September The Group transfers its European overland
transport business, DHL Freight, from the EXPRESS to the
LOGISTICS Division.
11
Deutsche Post World Net Annual Report 2006
The Group
Milestones of the Year