Financial media newsletter

Deutsche Post DHL with a strong start in 2010
The world's leading postal and logistics group, Deutsche Post DHL, concluded the first quarter of fiscal year 2010 with an increase in revenues and a strong rise in earnings. Buoyed by the continuing recovery of the world economy and rising transport volumes, consolidated revenue climbed 4.4 percent to EUR 12.0 billion compared with the same period last year.
Press release

Larry Rosen interview - "Our efforts are paying off"
Deutsche Post DHL released its first-quarter results of 2010 today. Following the crisis-driven drop in the first quarter of 2009, consolidated revenue was up again from last year's level. From January to March, underlying EBIT almost doubled compared to the three-months period of 2009. In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the drivers of the company's positive performance and his outlook for the rest of the year.
Interview

A high-performance network - even during a crisis
For nearly a week in mid-April, the cloud of ash spewing from the Icelandic volcano Eyjafjallajökull brought the air-transportation system to a complete standstill in many parts of Europe. While much of the public and media focused on the passenger flights canceled as a result of the cloud and the losses suffered by airlines, the freight-transport business experienced its own extensive delays around the world.
Article

Deutsche Post DHL exceeds forecasts for 2009 and targets sustainable earnings improvement
The world's leading mail and logistics group, Deutsche Post DHL, generated underlying EBIT of EUR1.47 billion in the full year 2009, exceeding its November forecast of at least EUR1.35 billion. One of the key contributors to this positive development was the introduction of the 'IndEx' program at the end of 2008.
Press release

Frank Appel interview - "We have managed the crisis successfully"
Deutsche Post DHL presented its results for fiscal year 2009 today. The Group's underlying EBIT totaled EUR1.47 billion last year, well above the capital market guidance of at least EUR1.35 billion issued in November. In an interview with Deutsche Post DHL News, CEO Frank Appel discusses the reasons for the Group's good performance amid challenging economic conditions as well as the company's outlook for 2010 and beyond.
Interview

Larry Rosen interview - "We have a very solid financial foundation"
For Larry Rosen, today's Financial Press Conference was the first in his function as CFO of Deutsche Post DHL. In an interview with Deutsche Post DHL News, he discusses the most important developments in the past fiscal year and offers an overview of the Group's future financial strategy.
Interview

The "Letter on the Internet" - the best of two worlds
For more than 500 years, letters have been the most important form of written communications. Deutsche Post DHL is now bringing this form to the Internet. With the "Letter on the Internet" - the working name of the product - the company will begin to provide its customers with a binding, confidential and reliable form of electronic communications in mid-2010. The Internet letter represents a milestone in the development of digital communications. For Deutsche Post DHL, it is a critical part of the future strategy pursued by the MAIL Division.
Article

Deutsche Post DHL raises full-year outlook to at least 1.35 billion euros - successfully manages impact of economic crisis in third quarter
Deutsche Post DHL saw its third-quarter revenue fall 18.6 percent to 11.2 billion euros in the wake of the continuing global economic crisis. Thanks to strict cost management, however, the Group was able to significantly cushion the crisis' impact on profitability.
Interview

Interview: Frank Appel - "We cannot ease up now and must accelerate our successful cost management."
Deutsche Post DHL released its third-quarter results today. If the Arcandor effect were excluded, underlying EBIT would have exceeded last year's level, even though revenue fell by 18.6 percent to 11.2 billion euros. In an interview with Deutsche Post DHL News, CEO Frank Appel discussed the results and the company's raised guidance for fiscal year 2009.
Interview

Background information on the appointment of Larry Rosen as Group CFO
On September 1, 2009, Larry Rosen was appointed to the Management Board responsible for Finance and Global Business Services at Deutsche Post DHL. Before joining the Group, he was the CFO of Fresenius Medical Care, the world's leading supplier of dialysis products, for six years. Today, he is presenting the quarterly results of Deutsche Post DHL to investors for the first time. Deutsche Post DHL News talked with Larry Rosen about his first weeks on the job at the Group.
Article

Background: Exemption to the value-added tax
Since coalition negotiations began, Deutsche Post has been among those companies that media reports indicate could be put at a disadvantage by decisions made by the new German government. This assumption is primarily based on statements made by the new German government about changing regulations on the value-added tax that apply to postal services. The truth of the matter is that the previous government also prepared legislation to amend the regulations applying to the value-added tax that would have taken effect on January 1, 2010. In this connection, people also speculated about the possible impact on Deutsche Post. But what is really under discussion here?
Article

Interview with Frank Appel - "We're now beginning to reap the fruit of our strict cost-cutting measures"
Deutsche Post DHL announced its results for the first half of 2009 today. Although difficult economic conditions are continuing to be felt, the Group has achieved some first successes in its cost-cutting efforts. Underlying EBIT in the second quarter totaled 257 million euros, a 37.8 percent decline compared with the previous year. Revenue fell 17.7 percent to 11.1 billion euros.
Interview

Interview: Jürgen Gerdes - "We want to secure jobs"
"We have to act now and take the right steps to ensure that our employees continue to have secure jobs. To do this, we need the support and understanding of employees and unions. This is particularly the case with painful but, in our view, necessary sacrifices such as longer workweeks or a delay of planned pay raises."
Interview

Background information on the MAIL Corporate Division
One and half years after the German mail market was completely opened, Deutsche Post still maintains a strong position: Six days a week, more than 95 percent of all letters reach their recipients the day after being mailed. Today, the services of Deutsche Post can be used in more places than ever before. Deutsche Post operates 14,000 retail outlets in Germany. An additional 2,000 Packstationen, 1,000 Paketboxen and 2,500 points of sale for letter and package stamps are also available.
Article

Background information on the IndEx program
In late 2007, Deutsche Post DHL introduced its comprehensive capital-markets program Roadmap to Value with the aim of increasing profitability at the Group and sustainably generating more cash from the business. The cost-cutting measures introduced as part of this program were intensified last November in the wake of the global economic crisis. The goal was to reduce indirect costs by 1 billion euros by the end of 2010 and to save this amount annually starting in 2011.
Article

Interview with Frank Appel - "If we want to secure jobs over the long term, there can't be any sacred cows"
Deutsche Post DHL released its first-quarter results today. The global economic crisis has had a direct impact on the business of the world's largest logistics company, resulting in a 13 percent drop in revenue and a 42 percent reduction in underlying EBIT. In an interview with Deutsche Post DHL News, Group CEO Frank Appel discusses the steps that he and his management team are planning in order to limit the effects of the economic crisis.
Interview

Background information on the Capital Markets Day - Part 1
In connection with the release of its first-quarter figures, Deutsche Post DHL held a Capital Markets Day for analysts and investors in Frankfurt today where Chief Executive Officer Frank Appel as well as all Members of the Board of Management presented their growth strategies.
Article

Background information on the Capital Markets Day - Part 2
In connection with the release of its first-quarter figures, Deutsche Post DHL held a Capital Markets Day for analysts and investors in Frankfurt today. In addition to CEO Frank Appel's discussion about the current situation and the Group's future strategy, board members from individual divisions presented their growth strategies for the years ahead. Here is a summary of their statements.
Article

Interview with John Allan - "Implementing the measures of Strategy 2015 should trigger satisfactory returns for shareholders in the midterm"
Deutsche Post DHL today unveiled its Strategy 2015 aimed at turning the Group into a high performing organization with the ultimate goal of becoming provider, investment and employer of choice. In an interview with Deutsche Post DHL News, Chief Financial Officer John Allan talks about the financial implications of Strategy 2015.
Interview

Background information on how IndEx ties into the Strategy 2015
One of the key components in unlocking the Group's potential is the IndEx program aimed at taking at least 1 billion euros out of 7 billion euros in indirect costs at the corporate functions and the Corporate Divisions. To that end, the Group between November and January set up a project organization and an own governance for the program, agreed on top-down targets and generated savings ideas as well took stock of the existing initiates. So far more than 150 initiatives totalling more than 800 million euros have been identified to contribute to the overall goal.
Article

Strategic Performance Dialogue
As part of an overall analysis, which was the basis for the Group's new strategy, the Corporate Center reviewed its key processes and programs. As a result the company decided to introduce a revised Strategic Performance Dialogue between the Corporate Center and the Divisions to help introduce a high-performance culture at the Group. One of the focuses of the approach is to link strategic and financial planning more closely.
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