Overall Board of Management assessment of the future economic position
The Board of Management continues to expect consolidated EBIT to reach €3.05 billion to €3.20 billion in financial year 2015. We expect the global economy to continue to experience regional variations and to demonstrate only moderate growth on the whole. A similar development is expected for world trade. The Post - eCommerce - Parcel division is likely to contribute at least €1.3 billion to the expected consolidated EBIT. Compared with the previous year, we expect an additional improvement in overall earnings to €2.1 billion to €2.25 billion in the DHL divisions. The Corporate Center/Other result is projected to remain at around €-0.35 billion. Due in particular to the forecast increase in EBIT, we also expect EAC to grow in financial year 2015. Free cash flow is expected to at least cover the dividend payment in May 2015.