Pressmeddelande -
Deutsche Post World Net with solid 2006 annual results
* Revenue rises 36% to 60 billion euros, EBIT at 3.9 billion euros
* Dividend increase to 75 cents planned
* Largest integration in the Group's history successfully mastered
* Group Chairman and CEO Zumwinkel demands fair liberalization
Looking back at a fiscal year that drew to a positive close, Deutsche Post World Net proposed a dividend increase to 75 cents at the company's annual
press conference in Bonn. For 2007, the Group forecast a slight rise in revenue and EBIT excluding extraordinary effects. "Our good operating
performance in 2006 - particularly in the fourth quarter - shows that our strategy of internationalization is bearing fruit," said the Group's
Chairman and Chief Executive Officer Klaus Zumwinkel. "We already generate some 60 percent of our revenues abroad and more than half of our operating profit with services outside the MAIL division."
The integration of the British logistics group Exel, with its 110,000 employees, proceeded smoothly in the year under review and BHW could be integrated earlier than planned. Zumwinkel: "What we have achieved with Exel represents the largest integration in our industry and, when considered
together with BHW, the largest in our corporate history. This was all managed most successfully - a fact clearly reflected in the numbers." With
the acquisition of Williams Lea, the Group also expanded the value-added services offered by the MAIL Division. Overall, the Group today works from a
solid base for profitable organic growth, a base that is unique in the industry. This platform will be further reinforced by the "First Choice" corporate initiative, rolled out at the beginning of 2007. "First Choice"
will comprise more than 5,000 projects Group-wide over the next two years; these should decisively contribute to meeting the targets set for 2009.
In order to secure jobs in Germany in the future, further steps toward the liberalization of the mail market must be taken reasonably and with a sense
of responsibility. "We are concerned about the political framework for the full opening of Germany's mail market," said Zumwinkel. The current situation, where there is no agreement on a harmonized liberalization
throughout Europe and where nothing stands in the way of competitors pursuing a strategy of wage dumping, runs contrary to the practice of fair
competition. "Deutsche Post will continue to ensure universal service throughout Germany," Zumwinkel promised.
Financial key figures
In fiscal 2006, operating profit (EBIT) rose by 2.9 percent, from 3.76 billion euros to 3.87 billion euros, including the one-time gains communicated. Consolidated revenue grew by 35.8 percent to 60.55 billion euros. Consolidated net profit declined by 14.3 percent to 1.92 billion euros, primarily attributable to Deutsche Post World Net cutting back its
Post-bank holding in the past fiscal year to 50 percent plus one share. Earnings per share fell by 19.6 percent to 1.60 euros.
Outlook
For the current year, Deutsche Post World Net expects an overall positive business development with a slight increase in sales. EBIT should reach at least 3.6 billion euros. This corresponds to an increase of at least 3
percent from the comparable basis of the previous year, when one-time gains had a positive effect on earnings. These included the exercise of the
exchangeable bonds on Postbank shares as well as the related sale of Deutsche Postbank shares (totaling 276 million euros).
Stable to slightly higher revenue is expected at the MAIL Division. The Group expects that the other business units will more than offset revenue
losses in the domestic mail business. EBIT should remain stable, at 2 billion euros. 2007 EBIT of more than 500 million euros is forecast for the
EXPRESS Division, not including the extraordinary effects of setting up the new hub in Leipzig. Including these expenses, EBIT should be at least 400
million euros.
In LOGISTICS, the Group expects high single-digit percentage growth in revenue for 2007. EBIT should increase by around 15%. In the FINANCIAL
SERVICES Division, revenue is forecast to rise, driven in part by the steady increase in contributions from BHW. The Group expects that EBIT for
FINANCIAL SERVICES, including extraordinary expenses of about 100 million euros, will climb by at least 5%.
Cornilla von Plomgren
Head of Communications, Sweden
DHL Express (Sweden) AB
Björnstigen 85
SE-170 87 Stockholm
Sweden
Phone + 46 8 543 45 206
Mobile + 46 70 632 32 80
E-mail cornilla.vonplomgren@dhl.com
www.dhl.com