DPWN boosts Revenue and Earnings

Deutsche Post World Net has successfully concluded the first half of 2007, boosting revenue to €30.9 billion and EBIT to €1.7 billion.

The 5.4% increase in consolidated revenue was fuelled by the contributions of all divisions in the Group, and the 9% increase in EBIT was attributed to the Logistics and Express divisions.

Consolidated results:

Q2 revenue up 6.5% to €15.44 billion (Q2 2006: €14.5bn)
Q2 EBIT up 9.5% to €703 million (Q2 2006: €642m)
H1 revenue up 5.4% to €30.91 billion (H1 2006: €29.32bn)
H1 EBIT up 9% to €1.7 billion (H1 2006: €1.56bn)

Mail division:

Q2 revenue dropped 0.4% to €3.6 billion (Q2 2006: €3.61bn)
Q2 EBIT rose 3.4% to €331 million (Q2 2006: €320m)
The Mail division accounted for 21.8% of Group revenues and 46.2% of Group EBIT in Q2
H1 revenue was up 1.3% to €7.53 billion (H1 2006: €7.43bn)
H1 EBIT dropped 6.3% to €949 million (H1 2006: €1.01bn)
The Mail division accounted for 22.8% of Group revenues and 55.2% of Group EBIT in H1
Express division:

Q2 revenue was up 3% to €3.42 billion (Q2 2006: €3.32bn)
Q2 EBIT was up 28.6% to €99 million (Q2 2006: €77m)
The Express division accounted for 20.8% of Group revenues and 13.8% of Group EBIT in Q2
H1 revenue was up 2% to €6.75 billion (H1 2006: €6.62bn)
H1 EBIT rose more than 740% to €161 million (H1 2006: €19m)
The Express division accounted for 20.5% of Group revenues and 9.4% of Group EBIT in H1

Logistics division:

Q2 revenue rose 7.4% to €6.29 billion (Q2 2006: €5.86bn)
Q2 EBIT was up 20.5% to €200 million (Q2 2006: €166m)
The Logistics division accounted for 38.1% of Group revenues and 27.9% of Group EBIT in Q2
H1 revenue was up 6.7% to €12.51 billion (H1 2006: €11.72bn)
H1 EBIT was up 28.2% to €414 million (H1 2006: €323m)
The Logistics division accounted for 37.9% of Group revenues and 24.1% of Group EBIT in H1
DPWN chairman & CEO Klaus Zumwinkel said that the Group expects underlying EBIT for the entire fiscal year to be at least €3.6 billion – of which the Mail division will account for around €2 billion and the Express division around €400 million.

Zumwinkel also expressed concerns about the failure of the liberalisation of European postal markets, and urged the German government and parliament to work vigorously to create fair competitive conditions for the full opening of the German and European postal market.

The ideal parallel liberalisation has in fact failed, Zumwinkel said, and the single postal market with fair conditions has turned into a complete mess.