DHL 2008 Annual Report Download - page 75

Deutsche Post World Net Annual Report 2008
Revenue and earnings performance
Rise in adjusted revenue
Revenue in the     Division declined by .  to  , mil-
lion (previous year:  , million). However, adjusted for negative currency e ects of
 , million and other inorganic items, the division achieved organic growth of ..
 e Supply Chain Business Unit generated revenue of  , million (previous
year:  , million) with revenue growth of . a er excluding negative currency
and other inorganic e ects.  e organic growth in our regions is tempered by customer
losses and so volumes resulting from the global economic environment.  e Corporate
Information Solutions Business Unit reported revenue of  , million (previous year:
 , million). When excluding negative currency e ects we maintained double-digit
organic revenue growth, principally due to new business acquired in the previous year.
 is was partially o set by reduced volume levels in document management and in
marketing solutions business as a result of the economic downturn.
More than 90 % contract renewal rate
In the Supply Chain Business Unit we signed new contracts worth  . billion
(annual revenues) with existing and new customers.  e renewal rate for contracts
remained constant at more than  .
Earnings impacted by non-recurring items
In  nancial year , the division registered a loss of   million before inter-
est and taxes (previous year: pro t of   million).  is  gure includes restructuring
expenses of   million and write-downs on the value of the Exel brand amounting
to   million, which is a result of the Group’s new branding strategy to use the 
brand. Moreover, an impairment test as prescribed by   resulted in an impair-
ment loss of   million.
 ese non-recurring items, along with the sale of Vfw  in  and negative
currency e ects, led to a decrease in the division’s organic  of . , particularly as
a consequence of the negative impact on the Corporate Information Solution’s busi-
ness in the  nancial sector. By contrast, the Supply Chain Business Unit saw organic
growth of . , well ahead of organic revenue growth.
Operating cash  ow amounted to   million (previous year:   million).
E cient working capital management and, in particular, a stronger focus on customer
payment terms contributed to a signi cant improvement in cash  ow.
Supply Chain 2008:
revenue by region
Total revenue: € 12,469 million
A 67 % Europe / Middle East /Africa
B 26 % Americas
C 7 % Asia Pacifi c
A
B
C
Supply Chain 2008:
revenue by sector
Total revenue: € 12,469 million
A 27 % Retail & fashion
B 26 % Consumer goods
C 15 % Technology
D 13 % Healthcare
E 6 % Automotive
F 13 % Chemicals / industry/other
B
A
C
D
E
F
Group Management Report
Divisions
71