Key figures
H1/Q2 2019
| H1 2018 |
H1 2019 |
+/–% | Q2 2018 |
Q2 2019 |
+/–% | ||
| Revenue |
€m |
29,775 | 30,833 | 3.6 | 15,026 | 15,480 | 3.0 |
| Profit from operating activities (EBIT) | €m |
1,652 | 1,928 | 16.7 | 747 | 769 | 2.9 |
| Return on sales1) | % | 5.5 | 6.3 | – | 5.0 | 5.0 | – |
| EBIT after asset charge (EAC) | €m |
452 | 637 | 40.9 | 139 | 116 | –16.5 |
| Consolidated net profit for the period2) | €m |
1,116 | 1,204 | 7.9 | 516 | 458 | –11.2 |
| Free cash flow | €m |
–391 | –803 | <–100 | 288 | –547 | <–100 |
| Net debt3) | €m |
12,303 | 14,558 | 18.3 | – | – | – |
| Earnings per share4) | € | 0.91 | 0.98 | 7.7 | 0.42 | 0.38 | –9.5 |
| Number of employees5) | 547,459 | 540,779 | –1.2 | – | – | – |
- 1)
- EBIT/revenue.
- 2)
- After deduction of non-controlling interests.
- 3)
- Prior-period amount as at 31 December, for the calculation see page 8 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 amount 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 five 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 2018
adjusted 1)H1 2019
+/– %
Q2 2018
adjusted 1)Q2 2019
+/– %
Revenue
7,399 7,481 1.1 3,592 3,647 1.5 of which Post
4,861 4,696 –3.4 2,328 2,253 –3.2 Parcel
2,630 2,892 10.0 1,310 1,447 10.5 Other/Consolidation
–92 –107 –16.3 –46 –53 –15.2 Profit from operating activities (EBIT)
513 404 –21.2 108 177 63.9 Return on sales (%) 2)
6.9 5.4 – 3.0 4.9 – Operating cash flow
287 126 –56.1 371 275 –25.9 - 1)
- Adjusted prior-year figures, see note 15.
- 2)
- EBIT/revenue.
-
Key figures by operating divisions
€m
H1 2018
H1 2019
+/– %
Q2 2018
Q2 2019
+/– %
Revenue
7,818 8,211 5.0 4,046 4,240 4.8 of which Europe
3,548 3,696 4.2 1,802 1,887 4.7 Americas
1,571 1,703 8.4 823 885 7.5 Asia Pacific
2,770 2,913 5.2 1,448 1,533 5.9 MEA (Middle East and Africa)
565 603 6.7 290 309 6.6 Consolidation/Other
–636 –704 –10.7 –317 –374 –18.0 Profit from operating activities (EBIT)
978 974 –0.4 517 521 0.8 Return on sales (%) 2)
12.5 11.9 – 12.8 12.3 – Operating cash flow
1,374 1,423 3.6 753 766 1.7 - 2)
- EBIT/revenue.
-
Key figures by operating divisions
€m
H1 2018
H1 2019
+/– %
Q2 2018
Q2 2019
+/– %
Revenue
7,293 7,558 3.6 3,702 3,796 2.5 of which Global Forwarding 3)
5,144 5,311 3.2 2,610 2,673 2.4 Freight
2,222 2,315 4.2 1,130 1,158 2.5 Consolidation/Other 3)
–73 –68 6.8 –38 –35 7.9 Profit from operating activities (EBIT)
175 224 28.0 105 124 18.1 Return on sales (%) 2)
2.4 3.0 – 2.8 3.3 – Operating cash flow
170 240 41.2 200 188 –6.0 - 2)
- EBIT/revenue.
- 3)
- Prior-year figures adjusted due to reclassifications.
-
Key figures by operating divisions
€m
H1 2018 H1 2019
+/– %
Q2 2018 Q2 2019
+/– %
Revenue
6,336 6,518 2.9 3,212 3,251 1.2 of which EMEA (Europe, Middle East and Africa)
3,371 3,314 –1.7 1,685 1,625 –3.6 America
1,962 2,212 12.7 1,015 1,149 13.2 Asia Pacific
1,033 1,003 –2.9 528 482 –8.7 Consolidation/Other
–30 –11 63.3 –16 –5 68.8 Profit from operating activities (EBIT)
183 573 >100 128 87 –32.0 Return on sales (%) 2)
2.9 8.8 – 4.0 2.7 – Operating cash flow
133.0 151.0 13.5 131.0 241.0 84.0 - 2)
- EBIT/revenue.
-
Key figures by operating divisions
€m
H1 2018 H1 2019
+/– %
Q2 2018 Q2 2019
+/– %
Revenue
1,854 1,994 7.6 937 995 6.2 of which Americas
507 561 10.7 256 278 8.6 Europe
1,081 1,155 6.8 547 576 5.3 Asia
269 279 3.7 135 140 3.7 Other/Consolidation
–3 –1 66.7 –1 1 >100 Loss from operating activities (EBIT)
–14 –46 <–100 0 –18 – Return on sales (%) 2)
–0.8 –2.3 – 0.0 –1.8 – Operating cash flow
34 48 41.2 4 27 >100 - 2)
- EBIT/revenue.
Outlook
Our earnings forecast for full-year 2019 now takes into account the effects of the decision issued in May in the price cap review, which was conducted to determine the extent to which prices can be increased with respect to the Post & Parcel Germany revenue volumes that are subject to ex-ante regulation. The Bundesnetzagentur’s current price cap parameters resolution grants a maximum price increase margin of 10.6 % for products regulated by the price cap procedure for the period from 1 July 2019 to 31 December 2021. The prices approved by the Bundesnetzagentur for this period will fully exploit this. We have raised the lower end of the earnings range and now expect the Post & Parcel Germany division to contribute earnings of between €1.1 billion and €1.3 billion (previously €1.0 billion and €1.3 billion).
We are maintaining our earnings projections for all other divisions and for Corporate Functions. Therefore, we now anticipate Group EBIT for 2019 to reach between €4.0 billion and €4.3 billion (previously between €3.9 billion and €4.3 billion).
We are reconfirming all other elements of the earnings forecast as described in our 2018 Annual Report beginning on page 64.
We are reconfirming the expected financial position for full-year 2019 as described in the 2018 Annual Report on page 65.
We are reconfirming the projected full-year 2019 figures for the EAC and free cash flow management indicators as described on page 65 of the 2018 Annual Report.