DHL 2008 Annual Report Download - page 62
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Deutsche Post World Net Annual Report 2008
Largest network of fi xed-location retail outlets in Germany
With around , outlets, we have the largest network of xed-location retail
outlets in Germany, where our customers are able to meet their postal and o en banking
needs. We are continually expanding our network to make access to our services as
simple as possible for customers. Revenue generated by the outlets fell from mil-
lion to million, mainly due to lower internal revenues.
Global Mail suffers from currency effects
Our international mail business registered a revenue decline of . , from
, million in to , million in . e decrease was particularly notice-
able in the fourth quarter. In addition to negative currency e ects of million,
revenues su ered especially from the discontinuation of @ home – a product for
mail-order companies in the . We no longer o er this product a er reducing our
Express transport network.
Mail International: volumes
mail items (millions)
2007 2008 + / – % Q 4 2007 Q 4 2008 + / – %
Global Mail 7,457 7,364 – 1.2 2,121 1,936 – 8.7
Non-recurring items increase profi t
With , million in nancial year , surpasses our earnings gure
for the previous year ( , million), primarily thanks to the boost of million
from the repayment awarded in the state aid proceedings. Without the repayment,
would have fallen by . year-on-year due to the negative impact of increased
costs and the aforementioned market environment. Operating cash ow amounted to
, million (previous year: , million); the return on sales was . .
58