DHL 2010 Annual Report Download - page 29

 March 
Financial year 
To become the company of choice for customers, employees and investors is a logical but also
an ambitious goal.  at’s why I’m quite pleased that we have made good progress towards this goal.
In , the economy in many parts of the world saw a notable recovery. Transport volumes and
thedemand for logistics services grew noticeably. By taking strategic and operating measures,
wemade clear progress in nearly all divisions, taking full advantage of the economic recovery,
some thingI neverdoubted.
Our consolidated revenue saw double-digit growth, rising by .  to  . billion.  e savings
generated in the previous year improved pro tability in almost all divisions, coupled in some cases
withsigni cantly higher margins. Over the course of the year we raised our original forecast for
earnings before non-recurring items twice. In the end, we exceeded our expectations by   million,
closing the year at  . billion. With substantial net liquidity, we  nd ourselves in a very stable
 nancialposition.
In our mail business, we have been required to apply value added tax to revenues generated with
business customers since mid-. Revenue and earnings in the second half of the year su ered as
a result. By contrast, our parcel business performed particularly well due to the brisk e-commerce
market, which allowed us to more than compensate for the loss of the Quelle business.
Our  divisions are growing, especially in booming markets such as Asia. Restructuring in these
divisions is now largely complete. For the  rst time the  divisions made the largest contribution
toconsolidated net pro t.
Overall, your company achieved all the  nancial targets we had set for  nancial year . I’d like to
thank you, our shareholders, again for your trust in me and my colleagues on the Board of Manage-
ment.Based on this year’s earnings, we shall propose to the Annual General Meeting an increase in the
dividend to  . per share.
I’d like to sincerely thank our around , employees, who received a special bonus at the end
ofthe year in appreciation for their service.
 
Dr Frank Appel
Chief Executive Officer
Deutsche Post AG
PO box address
Deutsche Post AG
Headquarters
53250 Bonn
GERMANY
Deutsche Post DHL
The Mail & Logistics Group
Delivery address
Deutsche Post AG
Headquarters
Charles-de-Gaulle-Str. 20
53113 Bonn
GERMANY
Visitor’s address
Deutsche Post AG
Headquarters
Platz der Deutschen Post
Bonn
Phone [phone]
Fax [phone]
www.dp-dhl.com