Ad hoc: Deutsche Post World Net in 2004 increases revenue and earnings03/01/2005
Deutsche Post World Net in 2004 recorded an increase in group revenue by 7.9 percent to about 43.17 billion Euros and fully met its earnings target. Group operating profit (EBITA) increased by 12.5% to 3.35 billion Euros, the upper end of the targeted range. All corporate divisions have met their profit targets and exceeded the comparable 2003 results.
The "Americas" region in the corporate division EXPRESS performed in line with expectations. The STAR value enhancement program has exceeded its targeted minimum earnings contribution of accumulated 800 million Euros by year-end 2004.
Group net income rose by 21.3% to about 1.59 billion Euros or 1.43 Euros per share, that compares to 1.18 Euros per share in 2003. The group tax rate was 20% in 2004.
The management board plans to propose a dividend of 0.50 Euros per share for 2004 (2003: 0.44 Euros). Exact figures and further details will be reported on March 22nd, 2005.