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

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