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Deutsche Post World Net Annual Report 2007
Deutsche Post Shares The Group
Deutsche Post Shares
Further gains on stock markets
e growth of the German economy in prompted an upturn on the German
stock market. Although negative repercussions from the Far East prompted some
brief worries in February, the German DAX index regained impetus around mid-year
and reached its high of , points on July. Later in the summer, the sub-
prime mortgage crisis in the United States brought the positive trend to a halt.
Investors became less willing to purchase, which had a global impact on the major
stock markets. e true e ects of the crisis did not become apparent until towards the
end of the year, however, by which time a short-lived recovery had occurred. Despite
these in uences, the DAX closed the year at , points. is represents an increase
of . over the year. e
EURO STOXX , on the other hand, grew by only ..
Our share data
2004 2005 2006 2007 +/– %
Year-end closing price € 16.90 20.48 22.84 23.51 2.9
High € 19.80 21.23 23.75 25.65 8.0
Low € 14.92 16.48 18.55 19.95 7.5
Number of shares millions 1,112.8 1,193.9 1,204.0
1) 1,207.5 1) 0.3
Market capitalisation €m 18,840 24,425 27,461 28,388 3.4
Average trading volume per day shares 2,412,703 3,757,876 5,287,529 6,907,270 30.6
Annual performance
with dividend % 6.4 24.1 14.9 6.9
Annual performance
excluding dividend % 3.4 21.2 11.5 2.9
Beta factor2) 0.84 0.75 0.80 0.68
Earnings per share3) € 1.44 1.99 1.60 1.15 –28.1
Cash fl ow per share4) € 2.10 3.23 3.28 4.27 30.2
Price/earnings ratio5) 11.7 10.3 14.3 20.4
Price/cash fl ow ratio4),6) 8.1 6.4 7.0 5.5
Dividend €m 556 836 903 1,087 7) 20.4
Payout ratio % 34.8 37.4 47.1 78.2
Dividend per share € 0.50 0.70 0.75 0.90 7) 20.0
Dividend yield % 3.0 3.4 3.3 3.8
1) Increase due to exercise of stock options, see Note 35.
2) From 2006: Beta 3 years; source: Bloomberg.
3) Based on consolidated net profi t excluding minorities, see Note 21.
4) Cash fl ow from operating activities.
5) Year-end closing price/earnings per share.
6) Year-end closing price/cash fl ow per share.
7) Proposal.
Share price benefi ts from capital markets programme
At the beginning of the year, our share price initially made favourable progress before
mirroring the negative performance of the DAX. In the second quarter, it continued
to track the leading German share price index as it rose. e price peaked at . on
April. erea er, the share price followed the negative market pattern, reaching its
low of . on October. e upward trend then resumed, fuelled in particular by