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Deutsche Post - DHL says it is on target

March 12 - In its financial results announced last week, Deutsche Post - DHL (DP-DHL) reported an "on target" performance for its full year and last quarter 2011.

Compared with the previous year, Group revenues rose by 2.8 percent to EUR52.8 billion (USD69.3). Adjusted for exchange-rate and consolidation effects, the company's revenues climbed even more steeply at 5.3 percent, a reflection of the Group's excellent positioning in rapidly growing markets. With its parcel business, the MAIL division continues to profit from the fast-paced growth of Internet retailing.

At DHL Forwarding, Freight volumes in both airfreight and seafreight were down slightly at -1.3 percent and - 0.1 percent respectively, although revenue increased by 12 percent to EUR15,044 million (USD19,751). The company described its approach to the market as 'selective', choosing only the more profitable business.

At more than EUR2.4 billion (USD3.15), the Group's operating earnings were almost one-third higher than the previous year's level, reaching the earnings guidance that the company increased twice during 2011. 
Consolidated net profit totaled EUR1.2 billion (USD1.57) in the past fiscal year. Excluding the valuation effects related to the Postbank sale, this amounts to a rise of more than 50 percent year on year.

"2011 was a very good year for our Group," said Frank Appel, CEO of Deutsche Post DHL.

"We hit all of our targets, made very good progress with the implementation of our Strategy 2015 and further bolstered the already very strong platform for a sustainable expansion of our earnings in the future."

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