DHL 2010 Annual Report Download - page 70
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Revenue in international mail business up
In the Global Mail business unit, revenue for increased by . on the previous
year, from , million to , million. e rise was attributable to the continuing
recovery of the global economy as well as positive currency e ects. Fourth-quarter
revenue was up by as much as . . Mail volumes declined, due to the sale of our French
subsidiary Global Mail Services in and lower volumes in the unaddressed
mail business in the Netherlands.
Earnings affected by value added tax requirement, amongst other things
e division’s full-year fell by . year-on-year, from , million
to , million. In the fourth quarter was million, down from mil-
lion inthe prior year. In addition to the overall market trend, the impact of and
expenses for expanding our digital business especially a ected our earnings in the sec-
ond half of the year. Adjusted for non-recurring expenses of million (previous year:
million), which primarily resulted from closing our subsidiary Interlanden in the
Netherlands, fell by . to , million in the reporting year (previous year:
, million). Return on sales was . for full-year .
e impact of the market trend, the requirement and the expenses for expand-
ing our digital business were also echoed in operating cash ow, which amounted to
, million (previous year: , million). Working capital was – million,
remaining at the low level of the previous year (– million).
. Mail International: volumes
mail items (millions)
2009 2010 +/– Q4 2009 Q4 2010 +/–
Global Mail 6,654 6,005 –9.8 1,705 1,497 –12.2
Deutsche Post DHL Annual Report
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