Preview of the first quarter 200805/05/2008, 09:00 AM CEST
Bonn: Business in the first quarter of 2008 was very satisfactory with underlying profits making progress year on year and being in line with our targets and guidance. There were two fewer working days in the first quarter, which will reverse in the second quarter. Last year’s first-quarter LOGISTICS result included a 59 million-euro profit from the disposal of Vfw.
Volume growth and general trends, particularly in the LOGISTICS and EXPRESS Business Divisions, continued to be similar to the latter part of 2007. New order intake from major accounts (Global Customer Solutions) and from LOGISTICS generally was encouraging.
In its customer business Deutsche Postbank recorded, adjusted for the impact from capital market turbulence, a good operating result in line with plan.
We continue to make progress in refining our plan to improve performance substantially in the U.S. EXPRESS business. We will make a further announcement on our initiative, as guided, by the end of May.
We also continue to make good progress on implementing the “Roadmap to Value” initiatives.Detailed first-quarter results will be published, as planned, on May 14, 2008. A conference call for investors will be held at 2 pm (CEST) that day.