DHL 2013 Annual Report Download - page 4

For my part, achieving our ambitious cash flow target is also a good example of what our
employees are able to accomplish when they concentrate on our most important objec-
tives – objectives as set out in our medium-term Group strategy. Since , our “Strategy
” has been the framework for our endeavours to become the provider, employer and
investment of choice.
With a network that spans the globe and outstanding market positions in the world’s
growth markets, we are a strong and reliable partner for our customers. We invest con-
tinually in the expansion of our infrastructure as well as our products and services.
As we move towards the goal of becoming employer of choice, we measure our progress
using an annual Group-wide employee opinion survey. The results indicate high approval
for our key performance indicators.
In addition to solid financial results, I am especially pleased that our performance is also
reflected in the growing confidence shown to us by the capital market. Our share price
outperformed the  for the third consecutive year and in May we shall propose to the
Annual General Meeting that the dividend we pay to you be raised to . per share.
This represents a payout of around   of adjusted net profits.
In the current financial year, we expect slight economic expansion at best. The global
trading volumes relevant to our business are expected to perform similarly and impact
our revenue accordingly, particularly in the  divisions. Against this backdrop, we
expect consolidated  to reach between . billion and . billion in financial year
. The  division is likely to contribute around . billion to this. Compared with
the previous year, we expect an additional improvement in overall earnings to between
. billion and . billion in the  divisions. Operating cash flow is expected to see
further positive development in line with the respective  trend.
Furthermore, we remain confident that we shall achieve the objectives we have set for
ourselves in ”Strategy ”. Overall, we continue to anticipate an increase in consoli-
dated  to between . billion and . billion in . The  division is likely to
contribute at least . billion, whilst the  divisions are expected to contribute between
. billion and . billion. We have adjusted the anticipated earnings contributions
following the consolidation of parts of the domestic parcel business outside Germany
within the  division at the beginning of .
2Deutsche Post DHL 2013 Annual Report
To our Shareholders