What we achieved in the first quarter of 2014
Deutsche Post DHL increased revenue and earnings in the first quarter of 2014 despite the fact that our business suffered from significant currency effects. The German parcel business in the Post - eCommerce - Parcel division as well as the international business in the EXPRESS division continued to witness especially dynamic growth. In the SUPPLY CHAIN division, we made further slight gains. By contrast, business was under pressure in the GLOBAL FORWARDING, FREIGHT division, particularly in air freight.
What we intend to achieve by the end oft he year 2014
We continue to expect consolidated EBIT to reach between €2.9 billion and €3.1 billion in financial year 2014. The Post - eCommerce - Parcel division is likely to contribute around €1.2 billion to this figure. Compared with the previous year, we expect an additional improvement in overall earnings to between €2.1 billion and €2.3 billion in the DHL divisions. Our EBIT after asset charge and operating cash flow performance metrics are expected to see further positive development in line with the respective EBIT trend.