Q4/FY 2018 Reporting
March 7, 2019 – Conference Call
Dr Frank Appel (CEO) and Melanie Kreis (CFO) presented and explained the Group financial results for the reporting period during a conference call on March 7, 2019.
Deutsche Post DHL Group was able to increase consolidated revenue in financial year 2018, although strong currency effects had a significant negative impact. After we had adjusted our earnings forecast for the full year in June 2018 for the PeP division from around €1.50 billion to around €0.6 billion and for the Group from around €4.15 billion to around €3.2 billion, EBIT was in line with our adjusted expectations. In the Post - eCommerce – Parcel division, restructuring expenses, in particular, had a significant negative impact on earnings. Express continued to grow strongly and Global Forwarding, Freight made visible progress in its operational business. Supply Chain earnings were impacted by negative one-off effects. Capital expenditure was again higher than in the previous year, whilst free cash flow fell below the prior-year figure, as expected since June. All in all, the Board of Management views the Group’s financial position as being sound.
Selected key figures financial year 2018
| 2017 |
2018 |
+/–% | Q4 2017 |
Q4 2018 |
+/–% | ||
| Revenue |
€m |
60,444 | 61,550 | 1.8 | 16,109 | 16,926 | 5.1 |
| Profit from operating activities (EBIT) | €m |
3,741 | 3,162 | –15.5 | 1,181 | 1,134 | –4.0 |
| Return on sales1) | % | 6.2 | 5.1 | – | 7.3 | 6.7 | – |
| EBIT after asset charge (EAC) | €m |
2,175 | 716 | –67.1 | 796 | 509 | –36.1 |
| Consolidated net profit for the period2) | €m |
2,713 | 2,075 | –23.5 | 837 | 813 | –2.9 |
| Free cash flow | €m |
1,432 | 1,059 | –26.0 | 975 | 1,307 | 34.1 |
| Net debt3) | €m |
1,938 | 12,303 | >100 | – | – | – |
| Return on equity before taxes | % | 27.5 | 19.3 | – | – | – | – |
| Earnings per share4) | € | 2.24 | 1.69 | –24.6 | 0.69 | 0.66 | –4.3 |
| Dividend per share | 1.15 | 1.155) | – | – | – | – | |
| Number of employees6) | 519,544 | 547,459 | 5.4 | – | – | – |
- 1)
- EBIT/revenue.
- 2)
- After deduction of non-controlling interests.
- 3)
- Calculation see Group Management Report, page 49.
- 4)
- Basic earnings per share.
- 5)
- Proposal.
- 6)
- Headcount at the end of the year, including trainees.
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