DHL 2010 Annual Report Download - page 51

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ECONOMIC POSITION
Overall assessment by the Board of Management
As a globally operating logistics provider, Deutsche Post DHL bene ted from the
recovery in the global economy in  nancial year , recording impressive volume and
revenue increases.  e savings generated in the previous year improved pro tability in
almost all divisions, coupled in some cases with signi cantly higher margins. As a result,
overall earnings increased to  . billion. Operating cash  ow also saw a signi cant year-
on-year improvement to  . billion. Our  nancial position remains very stable due to
available net liquidity of  . billion. Our successful business performance allows us to
propose the payment of a dividend per share of  . for the year under review to our
shareholders at the Annual General Meeting on  May .
Signifi cant events
No signifi cant events
ere were no signi cant events with material e ects on the Groups earnings,
nancial position and assets and liabilities in the reporting period.
Earnings
Changes in reporting and portfolio
At the beginning of , we transferred  Express Swedens domestic business to
 Freight Sweden and adjusted the prior-year segment reporting  gures accordingly.
At the beginning of March,  Express  completed the sale of its day-de nite
domestic business. All assets and liabilities had previously been classi ed as held for sale.
. Selected key indicators for results of operations (continuing operations)
2009 2010
Revenue  m 46,201 51,481
Profi t from operating activities  before non-recurring items  m 1,473 2,205
Profi t from operating activities   m 231 1,835
Return on sales1)  0.5 3.6
Consolidated net profi t for the period2)  m 644 2,541
Earnings per share
3)  0.53 2.10
Dividend per share  0.60 0.654)
   revenue.  Excluding non-controlling interests, including Postbank.  Including Postbank.  Proposal.
Deutsche Post DHL Annual Report 
Group Management Report
Economic Position
Earnings
37