Key figures

Q2 2018

    H1 2017
H1 2018
+/–% Q2 2017
Q2 2018
+/–%
Revenue
€m
29,696 29,775 0.3 14,813 15,026 1.4
Profit from operating activities (EBIT) €m
1,726 1,652 –4.3 841 747 –11.2
Return on sales1) % 5.8 5.5 5.7 5.0
EBIT after asset charge (EAC) €m
932 452 –51.5 445 139 –68.8
Consolidated net profit for the period2) €m
1,235 1,116 –9.6 602 516 –14.3
Free cash flow €m
–45 –391 <–100 385 288 –25.2
Net debt3) €m
1,938 13,375 >100
Earnings per share4) 1.02 0.91  –10.8 0.50  0.42  –16.0
Number of employees5)   519,544 532,859 2.6
1)
EBIT/revenue.
2)
After deduction of non-controlling interests.
3)
Prior-period amount as at 31 December, for the calculation see page 6 of the Interim Group Management Report.
4)
Basic earnings per share.
5)
Headcount at the end of the first half of the year, including trainees; prior-period number as at 31 December.

Divisional key figures

Deutsche Post DHL Group offers integrated services and customised solutions for the processing and transport of goods and information in a global market. The Group is organised into four operating divisions, each of which operates under the control of its own divisional headquarters. The Group management functions are performed by the Corporate Center.

  • Key figures by operating divisions

    €m
      H1 2017
    adjusted 1)
    H1 2018

    +/– %

    Q2 2017
    adjusted 1)
    Q2 2018

    +/– %

    Revenue

      8,812 9,022 2.4 4,267 4,410 3.4

    of which Post

      4,901 4,836 –1.3 2,343 2,316 –1.2

    eCommerce – Parcel

      4,044 4,328 7.0 1,991 2,164 8.7

    Other/Consolidation Post

      –133 –142 –6.8 –67 –70 –4.5

    Profit from operating activities (EBIT)

      685 499 –27.2 260 108 –58.5
    of which Germany   677 501 –26.0 265 102 –61.5
    International Parcel and eCommerce   8 –2 <–100 –5 6 >100

    Return on sales (%) 2)

      7.8 5.5 6.1 2.4
    Operating cash flow
      459 321 –30.1 269 375 39.4
    1)
    Conversion of reporting to the business unit consolidated view and reclassification of business areas.
    2)
    EBIT/revenue.
  • Key figures by operating divisions

    €m
      H1 2017
    adjusted1)

    H1 2018

    +/– %

    Q2 2017
    adjusted1)

    Q2 2018

    +/– %

    Revenue

      7,345 7,818 6.4 3,750 4,046 7.9

    of which Europe

      3,230 3,548 9.8 1,635 1,802 10.2

    Americas

      1,472 1,571 6.7 754 823 9.2

    Asia Pacific

      2,748 2,770 0.8 1,415 1,448 2.3

    MEA (Middle East and Africa)

      562 565 0.5 282 290 2.8

    Consolidation/Other

      –667 –636 4.6 –336 –317 5.7

    Profit from operating activities (EBIT)

      865 978 13.1 469 517 10.2

    Return on sales (%)2)

      11.8 12.5 12.5 12.8
    Operating cash flow 
      882 1,374 55.8 542 753 38.9
    1)
    Conversion of reporting to the business unit consolidated view and reclassification of business areas.
    2)
    EBIT/revenue.
  • Key figures by operating divisions

    €m
      H1 2017
    adjusted1)

    H1 2018

    +/– %

    Q2 2017
    adjusted1)

    Q2 2018

    +/– %

    Revenue

      7,158 7,293 1.9 3,612 3,702 2.5

    of which Global Forwarding

      5,063 5,143 1.6 2,560 2,609 1.9

    Freight

      2,171 2,222 2.3 1,091 1,130 3.6

    Consolidation/Other

      –76 –72 5.3 –39 –37 5.1

    Profit from operating activities (EBIT)

      107 175 63.6 67 105 56.7

    Return on sales (%)2)

      1.5 2.4 1.9 2.8
    Operating cash flow
     
    –100 170 >100 –36 200 >100
    1)
    Conversion of reporting to the business unit consolidated view and reclassification of business areas.
    2)
    EBIT/revenue.
  • Key figures by operating divisions

    €m
      H1 2017
    adjusted1)
    H1 2018

    +/– %

    Q2 2017
    adjusted1)
    Q2 2018

    +/– %

    Revenue

      7,038 6,336 –10.0 3,515 3,212 –8.6

    of which EMEA (Europe, Middle East and Africa)

      3,532 3,371 –4.6 1,760 1,685 –4.3

    America

      2,334 1,962 –15.9 1,173 1,015 –13.5

    Asia Pacific

      1,188 1,033 –13.0 591 528 –10.7
    Consolidation/Other
      –16 –30 –87.5 –9 –16 –77.8

    Profit from operating activities (EBIT)

      223 183 –17.9 124 128 3.2

    Return on sales (%)2)

      3.2 2.9 3.5 4.0
    Operating cash flow 
     
    35 133 >100 139 131 –5.8
    1)
    Conversion of reporting to the business unit consolidated view and reclassification of business areas.
    2)
    EBIT/revenue.

Outlook

On 8 June 2018, to counteract the decline in profitability in the Post - eCommerce - Parcel (PeP) division, the Board of Management decided upon a range of measures to safeguard a positive earnings development in 2019 and 2020, in particular. The measures are designed to further improve productivity, indirect costs and yield management in the Post and Parcel business.

The measures will only help in part in 2018; therefore, PeP EBIT for 2018 before one-off expenses is now expected to come in at around €1.1 billion. This includes additional operating expenses for productivity improvements of around €150 million. In addition, a one-off restructuring charge of €0.5 billion will be recognised in 2018 to implement the measures.

Including the effects described, the Board of Management now expects consolidated EBIT of around €3.2 billion in 2018. The PeP division is likely to contribute around €0.6 billion (including the expected restructuring costs) to this figure whilst the DHL divisions are still expected to reach around €3.0 billion.

Starting with the present half-yearly financial statements, the activities of the Corporate Incubations board department established in April will be shown as part of the new line Corporate Functions, together with Corporate Center/Other. The full-year result of Corporate Incubations is expected to be €–70 million in 2018. The result of Corporate Functions as a whole is expected to be €–0.42 billion and will include the unchanged forecast of the Corporate Center/Other result of around €–0.35 billion.

For 2020, we continue to expect consolidated EBIT of more than €5.0 billion due, amongst other things, to the aforementioned measures. The PeP division is expected to contribute around €1.7 billion to this figure whilst the earnings contribution of the DHL division is projected to reach around €3.7 billion in 2020. Management’s earnings forecast for Corporate Functions is unchanged at around €–0.35 billion.

(As at August 7, 2018)

Multi-year overview