DHL 2010 Annual Report Download - page 75
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Organic revenue also developed positively in the fourth quarter, with a year-on-
year rise of . . Daily shipment volumes made a signi cant contribution to this
develop ment: at . , they outperformed their growth rates of the previous three quar-
ters, exceeding the level prior to the crisis year of .
Revenue growth in the Americas region
Revenue in the Americas region surpassed the prior-year gure, rising .
to , million in the reporting year (previous year: , million). is includes
positive currency e ects of million. Adjusted for these e ects, revenue still grew
organically by a considerable . . e business in particular substantially exceeded
our expectations with organic revenue growth of . . is encouraging growth trend
continued in the fourth quarter.
Substantially higher volumes in the Asia Pacifi c region
In , we bene ted from the rapid economic rise in the Asia Paci c region to
signi cantly boost revenue by . to , million (previous year: , million).
Adjusted for positive currency e ects of million and the acquisition of Shanghai
Quanyi Express Co. Ltd., revenue outperformed the general economic trend in the
region with a rise of . . e increase resulted from signi cantly higher shipment
volumes across all product lines and higher fuel surcharge revenues.
Business in the region improved steadily
Business in the region (Eastern Europe, the Middle East and Africa) contin-
ued to improve in , with revenue growth of . to , million (previous year:
, million). Adjusted for positive currency e ects of million, organic revenue
growth amounted to . . Daily shipment volumes improved continuously in all prod-
uct lines.
before non-recurring items signifi cantly higher
e restructuring of our express business is progressing as planned. Revenue
increased signi cantly on the prior year and the cost savings generated were re ected in
earnings. for the division rose from – million in to million
in . Adjusted for restructuring costs, increased considerably by million to
million (previous year: million) with a margin of . (previous year: . ).
for the fourth quarter of improved from – million to million.
Adjusted for restructuring costs, of million was generated in the fourth quar-
ter (previous year: million) with a margin of . (previous year: . ).
Operating cash ow, which includes cash out ows for restructuring, improved
signi cantly, rising from – million to million for full-year and from
million to million in the fourth quarter. Whilst our operating result increased
substantially, restructuring costs were reduced compared with the previous year.
Deutsche Post DHL Annual Report
Group Management Report
Divisions
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61