DHL 2009 Annual Report Download - page 5
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 |
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2009
WHAT WE ACHIEVED
2010
WHAT WE INTEND TO ACHIEVE
Provided that there is a moderate recovery in trade volumes, we expect con-
solidated before non-recurring items to reach . billion to . billion
in . Both pillars of our business – Deutsche Post and – should contrib-
ute nearly equally to these results. We will increase our investments cautiously
to approximately . billion and use them for organic growth. Although our
liquidity position will decline due to restructuring expenditure, it will remain
strong. Consolidated net profit is expected to continue to improve in line
with our operating business.
We restructured our express business and consolidated our fi nancial position
with the proceeds from the sale of Postbank. We saved more than . billion
in indirect costs with our IndEx programme. Although transported volumes
were signifi cantly down on the prior-year level, we were also able to cushion
the decrease in before non-recurring items, and at . billion we even
slightly exceeded our forecast, which we had increased to at least . billion
during the course of the year.