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Deutsche Post  Group —  Annual Report
Legal environment
In view of our leading market position, a large number of our services are subject to
sector-specic regulation under the Postgesetz (PostG – German Postal Act). Further
information regarding this issue and legal risks is contained in the Notes to the consoli-
dated nancial statements.
Significant events
Negative one-off effects from re-orientation of Global Forwarding transformation
In the third quarter, the management of Global Forwarding, Freight focused intensively
upon re-orientating the transformation process and decided to discontinue the New
Forwarding Environ ment  system. Since most of the  investments cannot
beused for other purposes, the Group recognised negative one-o eects totalling
 million in the result for nancial year . is comprises  million in impair-
ment losses recognised on assets capitalised in relation to , as well as subsequent
costs of  million related to the further course of transformation.
Almost all of the potential earnings exposure of  million for full-year 
projected in the interim nancial statements for the third quarter of ,  million
of which had already been booked in the third quarter, was recognised at the end of the
nancial year.
Results of operations
Selected indicators for results of operations .
2014 2015
Revenue m 56,630 59,230
Profit from operating activities   m 2,965 2,411
Return on sales 1 % 5.2 4.1
 after asset charge   m 1,551 877
Consolidated net profit for the period 2 m 2,071 1,540
Earnings per share 3  1.71 1.27
Dividend per share  0.85 0.85 4
1  / revenue.
2 After deduction of non-controlling interests.
3 Basic earnings per share.
4 Proposal.
Changes in portfolio
In the second quarter of , we sold shares in two property development companies
in the United Kingdom, King’s Cross Central Property Trust and Kings Cross Central
General Partner Ltd., which were held by the Supply Chain division.
In May, we sold .  of our shares in Sinotrans Ltd., China, which were held by
the Global Forwarding, Freight division.
In December , we sold the food procurement business of  Supply Chain Ltd.
in the .
Note 
49
Group Management Report — REPORT ON ECONOMIC POSITION — Economic parameters — Significant events —
Results of operations