DHL 2011 Annual Report Download - page 81
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 |
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Overland transport sees stable growth
e Freight business unit generated revenue of , million in , exceeding the
previous year’s gure of , million by . . is includes positive currency e ects of
million. Excluding these e ects revenue exceeded the previous year’s gure by . .
Revenue increases were seen primarily in Germany, the Nordic countries and Eastern
Europe. In the United States, we acquired Standard Forwarding in June with an
eye towards developing our overland transport business outside Europe. is business
generated around of the business unit’s revenue growth. Despite persistent pressure
on margins because peak season business was more pronounced than in the prior year,
gross pro t was , million, exceeding the prior-year gure by . . Overall we
increased our productivity on account of strict cost management, increased business
and a stable workforce, amongst other things.
Strongly improved and operating cash fl ow
Due to high gross pro t margins and strict cost management, in the
, division was up signi cantly from million to million.
is increase re ects a gain of . . e prior-year gure contained restructuring
costs of million. Return on sales amounted to . in the reporting year (previous
year: . ). In the fourth quarter declined by . from million to mil-
lion. e prior-year gure contained restructuring costs of million. Fourth-quarter
earnings were impacted primarily by the structural adjustments of million described
above; return on sales therefore declined from . to . .
Despite revenue growth, net working capital was signi cantly below the prior year,
due to improved receivables management especially in the fourth quarter. us, we
improved operating cash ow signi cantly in the reporting year by million to
million (previous year: million).
Deutsche Post DHL Annual Report
Group Management Report
Divisions
, division
75