DHL 2014 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2014 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 234

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234

. Global Forwarding: revenue
 m 2013
adjusted
2014 + / – % Q 4 2013
adjusted
Q 4 2014 + / – %
Air freight 5,006 5,114 2.2 1,324 1,411 6.6
Ocean freight 3,532 3,578 1.3 848 927 9.3
Other 2,275 2,200 –3.3 582 580 – 0.3
Total 10,813 10,892 0.7 2,754 2,918 6.0
. Global Forwarding: volumes
Thousands
2013
adjusted
2014 + / – % Q 4 2013
adjusted
Q 4 2014 + / – %
Air freight tonnes 3,953 4,048 2.4 1,047 1,075 2.7
of which exports tonnes 2,215 2,272 2.6 591 600 1.5
Ocean freight  1 2,807 2,935 4.6 707 731 3.4
1 Twenty-foot equivalent units.
Revenue in European overland transport business grows steadily
In the Freight business unit, revenue was up by .  to , million in nancial year
 (previous year: , million) despite negative currency eects of  million.
Business grew primarily in Central and Eastern Europe, Germany, Turkey, Sweden and
France. Gross prot declined by .  to , million in the reporting year (previous
year: , million), due primarily to negative currency eects.
 includes high  expenses
 in the division was  million in the reporting year and therefore signicantly
below the prior-year level of  million. e impact of high  expenses continues
to be felt. At the same time, gross prot margins remained at a historically low level
due to higher pressure on margins, despite strict cost management. e return on sales
declined to .  (previous year: . ). In the fourth quarter of ,  fell year-on-
year, from  million to  million.
Moreover, net working capital in the reporting year worsened due to increased
outstanding receivables, leading to an operating cash ow of  million (previous
year:  million).
Deutsche Post  Group —  Annual Report
67
Group Management Report — REPORT ON ECONOMIC POSITION — Business performance in the divisions