Overall assessment of expected performance
From the perspective of the Board of Management, our strong position as market leader in the German mail and parcel business and in nearly all of our logistics activities is the best possible basis for our further growth. We continue to expect consolidated EBIT to reach between €2.75 billion and €3.00 billion in financial year 2013. Overall, world economic growth is likely to be similar to that of the previous year. A similar development is expected for world trade. The MAIL division is likely to contribute between €1.15 billion and 1.25 billion to consolidated EBIT. Compared with the previous year, we expect an additional improvement in overall earnings to between €2.00 billion and €2.15 billion in the DHL divisions. At around €–0.4 billion, the Corporate Center / Other result should be on par with the previous year. In 2013, operating cash flow will recover from the one-time charges of the previous year and benefit from the expected earnings improvement. We now expect capital expenditure to remain at the prior-year level in financial year 2013, at around €1.7 billion.
Status Annual Report 2012