DHL 2006 Annual Report Download - page 45
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Revenue and Earnings Development
Overview
e Group improved its operating performance in : Revenue rose by . to
, million, slightly in excess of our expectations. is rise is due in particular
to the successful integration of Exel in our logistics business and of BHW in the
Postbank Group. EBIT improved by . to , million, in line with expectations.
Whereas a large number of non-recurring income and expense items were recorded
in the previous year, relatively few such one-time factors occurred in , as has
already been reported in the course of the year.
In the MAIL Division, we recorded EBIT of , million, slightly in excess of our
target gure of billion, thanks to eective cost management and foreign expansion.
is result was achieved despite the continuing decline in volumes in the domestic
mail business.
At million, EBIT in our EXPRESS Division was within our target range of
to million. e monthly results for the second half of the year show that a
turnaround is now under way in the USA. Europe, Asia Pacic and the Emerging
Markets all recorded improvements in earnings.
e LOGISTICS Division continued its positive development this year while integrating
Exel, generating EBIT of million, corresponding to our forecasts.
FINANCIAL SERVICES also maintained its existing trend: anks to Postbank’s
ongoing strong operating performance, EBIT improved by . to , million,
despite the charges incurred in relation to the integration of BHW.
e new SERVICES segment recorded EBIT of – million. is gure also includes
one-time factors that cannot be allocated to individual divisions. Chief among these
were income of million from the early redemption of the exchangeable bond on
Postbank stock and income of million resulting from the positive outcome of
arbitration proceedings against Deutsche Telekom.
Earnings per share dropped to ., mainly due to the increase in nance costs
and minorities.
Selected indicators for results of operations
2005
restated 2006 +/–%
Revenue €m 44,594 60,545 35.8
Profit from operating activities (EBIT) €m 3,764 3,872 2.9
Return on sales1) %8.46.4
Consolidated net profit excluding minorities €m 2,235 1,916 –14.3
Earnings per share € 1.99 1.60 –19.6
1) EBIT/revenue.
41
Deutsche Post World Net Annual Report 2006
Group Management Report
Revenue and Earnings Development