DHL 2014 Annual Report Download - page 108

in  is expected to be slightly above that of the reporting year. New business projects
will continue to be the main focus of investments. We shall also be investing in strategic
initiatives and business expansion.
Cross-divisional investments in  will be lower than in the reporting year.
Development of further indicators relevant
for internal management
 increases slightly
As a result of the projected growth in , we expect that  will also grow in .
e divisions will be under the same impact with regard to  as laid out in the 
outlook. However, as our investing activities continue and the net base will increase as a
result, the rise in  aer asset charge may fall slightly short of  growth. Free cash
ow is expected to at least cover the dividend payment for nancial year  projected
to be made in May .
Employee Opinion Survey results again positive
We intend to keep up the positive results that our Employee Opinion Survey achieved in
the reporting year. For , we expect to see an increase to   in the approval rating
for the key performance indicator Active Leadership.
Transparent presentation of greenhouse gas eciency
We intend to increase transparency in our greenhouse gas eciency because it is the
target of our GoGreen environmental protection programme. It will be measured using
a  Eciency Index , which is based upon division and business unit-specic
emission intensity gures that show the ratio of the respective emissions to a matching
performance indicator. Our goal therefore remains to consider  as a non-nancial
indicator relevant for internal management in the Group.
This Annual Report contains forward-looking statements that relate to the business, financial performance and results of oper-
ations of Deutsche Post . Forward-looking statements are not historical facts and may be identified by words such as “believes”,
“ expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets” and similar expressions.
As these statements are based on current plans, estimates and projections, they are subject to risks and uncertainties that could
cause actual results to be materially different from the future development, performance or results expressly or implicitly assumed
in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which
apply only as at the date of this presentation. Deutsche Post  does not intend or assume any obligation to update these forward-
looking statements to reflect events or circumstances after the date of this Annual Report.
Any internet sites referred to in the Group Management Report do not form part of the report.
Deutsche Post  Group —  Annual Report
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