DHL 2008 Annual Report Download - page 5

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What we plan to achieve in 2009:
The economic downturn has impacted the entire logistics
industry. Yet we remain convinced that our strong brands
– Deutsche Post and DHL – and our global reach make
us well-equipped for difficult times. To mitigate adverse
effects from materially lower business volumes, we plan
to make fewer investments and to lower indirect costs by
€ 1 billion by 2010 in a Group-wide cost-cutting drive.
2009
What we achieved in 2008:
We have agreed to sell shares in Deutsche Postbank
to Deutsche Bank and we began to reorganise our
US express business. We have consistently implemented
the initia tives set forth in our Roadmap to Value capital
markets programme and ran a tight cost management
system. Thanks not least to these efforts, we met our
adjusted target for the period. Earnings from operating
activities ( excluding Postbank) were just above our
target of € 2.4 billion.
2008