Ad hoc: Deutsche Post World Net in 2006 increases revenues and earnings as expected02/22/2007
Deutsche Post World Net in 2006 recorded an increase in group revenue by 35.8% to €60,545 million. Group operating profit (EBIT) increased by 2.9% to €3,872 million. All corporate divisions met profit targets. For the full year 2006 the group EBIT includes already reported non-recurring effects, mainly from the exchangeable bond (€276 million) and the settlement with Deutsche Telekom (€89 million).
The MAIL division achieved an increase in EBIT of 1.2% to €2,054 million.
The EXPRESS corporate division generated - including mid-double-digit-million cost for the new currently built hub in Leipzig – an EBIT of €325 million. The restated result for the previous year was €-23 million (including goodwill amortisation).
LOGISTICS more than doubled EBIT to €762 million (2005 restated: €346 million).
FINANCIAL SERVICES also more than met the guidance of more than €950 million EBIT (previous year: €863 million).
SERVICES recorded including the above mentioned non-recurring effects an EBIT of €-237 million.
Group net income (after minorities) reached €1,916 million (€1.60 per share), that compares to €2,235 million (€1.99 per share) in 2005. One reason for this decrease was that the Group reduced its stake in Postbank to 50 percent plus one share during the past year. As a result, a proportionately smaller share of net income is attributable to Deutsche Post stockholders.
Deutsche Post's board of management proposes to increase the dividend for 2006 to €0.75 per share (previous year: €0.70 per share).
Deutsche Post World Net's management will present the full accounts on the year 2006 on March 20, 2007. A guidance for the current year will be introduced then.