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Volumes in the Americas region increased at the end of the year
Revenue in the Americas region increased by . to , million in the reporting
year (previous year: , million). e gure for the year under review included
positive currency eects of million, which relate mainly to our business in the
United States. Excluding these eects, revenue in the region was . above the prior-
year gure. In the product line, we increased daily revenues by . in the report-
ing year; we were able to increase daily shipment volumes slightly by . . In the fourth
quarter of , daily revenues improved by . and volumes by a good . .
volumes in the Asia Pacific region continue to rise
Revenue in the Asia Pacic region increased by . to , million in the reporting
year (previous year: , million). e gure for the year under review included
signicant currency gains of million that relate primarily to our business activities
in China and Hong Kong, as well as other countries in the region. Excluding these eects,
the revenue increase was . . In the product line, daily revenues improved by .
and shipment volumes by . in the reporting year. In the fourth quarter of , daily
revenues declined by . , whilst volumes increased by . .
Increased volumes in region
Revenue in the region (Middle East and Africa) improved by . to , mil-
lion in the reporting year (previous year: million). e gure for the year under
review included positive currency eects of million that are associated mainly with
our business activities in the Middle East. Excluding these eects, revenue for the region
rose by . . In the product line, daily revenues increased by . and per-day
volumes by a substantial . . Growth in the fourth quarter of amounted to .
for daily revenues and . for per-day volumes.
Full-year and return on sales improve
In the reporting year, in the division improved by . to , million (previous
year: , million). Increased volumes and revenues as well as the higher operating
protability of our network were the main factors contributing to this growth. Return
on sales improved for the year as a whole, rising from . in the previous year to .
in . is gure included a positive one-o eect of million, attributable largely
to the reversal of impairment losses on assets in the United States. Of the potential
earnings exposure of million for full-year projected in the interim nancial
statements for the third quarter of , a total of million was attributable to the
Express division. e reversal of restructuring provisions in the United States resulted
in income in the previous year that was oset mainly by impairment losses on aircra.
In the fourth quarter of , dropped by . to million and return on sales
from . to . .
As a result of the improved operating prot, operating cash ow in increased
by . to , million (previous year: , million).
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