Deutsche Post World Net shows solid performance in 2006

20 Mar '07

3 min read

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.

MAIL Division:
In the MAIL Division, the Group was able to more than offset the expected decline in re-venue in its home market through growth at its international business. Following an encouragingly strong fourth quarter, revenue grew by 3.2 percent to 13.29 billion euros. EBIT grew slightly from 2.03 billion euros to 2.05 billion euros, facilitated in part by successful cost management.

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