DHL 2014 Annual Report Download - page 103
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EXPECTED DEVELOPMENTS
Overall Board of Management assessment
of the future economic position
Consolidated of . billion to . billion expected
We expect the global economy to continue to experience regional variations in
and to demonstrate only moderate growth on the whole. A similar development is
anticipated for world trade. Our strong position as market leader in the German mail
and parcel business and in nearly all of our international logistics activities is the best
possible basis for further growth. Our strategic focus on business driven by e-commerce
and emerging economies that exhibit strong structural growth are the main factors we
see as supporting the long-term performance of our business. e Board of Manage-
ment expects consolidated to reach . billion to . billion in nancial year
. e Post - eCommerce - Parcel division is likely to contribute at least . billion
to this gure. Compared with the previous year, we expect an additional improvement
in overall earnings to . billion to . billion in the divisions. Within the
divisions we expect a further increase in earnings for Express, whilst the transformation
in the Global Forwarding, Freight division and investments in the Supply Chain division
will dampen those divisions’ earnings. e Corporate Center / Other result is projected
to remain at around –. billion. Due in particular to the forecast increase in ,
we also expect to grow in nancial year . Free cash ow is expected to at least
cover the dividend payment for nancial year projected to be paid in May .
Forecast period
Outlook generally refers to
e information contained in the report on expected developments generally refers to
nancial year . However, in some instances we have chosen to extend the scope.
Future organisation
No material changes to the organisational structure planned
No material changes to the Group’s organisational structure are planned for nancial
year .
Deutsche Post Group — Annual Report
97
Group Management Report — OPPORTUNITIES AND RISKS — Categories of opportunities and risks —
EXPECTED DEVELOPMENTS — Overall Board of Management assessment of the future economic position —
Forecast period — Future organisation