DHL 2006 Annual Report Download - page 83

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LOGISTICS
In the LOGISTICS Division, we anticipate high single-digit percentage revenue
growth and disproportionally large growth in earnings. e Board of Management
is very condent that the integration of Exel can be successfully concluded in 
and that we will continue to prot from the favorable trend in the logistics business.
FINANCIAL SERVICES
Revenue and income from banking transactions are also expected to rise thanks
to continual growth in contributions by BHW. Postbank’s goal for is to generate
a return on equity before taxes of more than  and a cost-income ratio in the
traditional banking business of less than . A further aim is to improve Postbank’s
tier  capital ratio to . in .
SERVICES
We aim to further increase our eective earnings contribution, excluding extraordi-
nary factors.
Dividend
We plan to continue our current dividend policy and to share our excellent busi-
ness performance with our shareholders. Our goal is to increase our payout ratio for
scal  to around  (dividend payment in ).
Further development of the Group
Future organization
In , we will review our human resources management activities to determine
whether human resources operations functions can be organized as shared services.
Future procurement activities
e procurement organization is one of the pilot projects in our First Choice
program. In , we will conduct a series of workshops in the country organizations
and oer on-site training to our employees. Some of the improvement measures will
focus on further standardizing workows worldwide and introducing suitable IT
support systems.
Future research and development
As a pure service provider, Deutsche Post World Net does not perform any notable
research and development activities. is section therefore does not contain any
disclosures.
Further Developments and Outlook 79
Deutsche Post World Net Annual Report 2006
Group Management Report