Deutsche Post DHL Annual Report 2013

2013 Annual Report

Multi-year Review

Excerpts from Deutsche Post AG's 2013 Group Annual Report.

Key figures 2006 to 2013XLS
€m
        2006
adjusted
  2007
adjusted
  2008
adjusted
  2009
adjusted
  2010
adjusted
  2011
adjusted
  2012
adjusted
  2013
Revenue                                    
MAIL       15,290   14,569   14,393   13,912   13,913   13,973   13,972   14,452
EXPRESS       13,463   13,874   13,637   9,917   11,111   11,691   12,778   12,712
LOGISTICS       24,405              
GLOBAL FORWARDING, FREIGHT         12,959   14,179   11,243   14,341   15,118   15,666   14,838
SUPPLY CHAIN         14,317   13,718   12,183   13,061   13,223   14,340   14,277
FINANCIAL SERVICES       9,593              
SERVICES       2,201              
Divisions total       64,952   55,719   55,927   47,255   52,426   54,005   56,756   56,279
Corporate Center/Other (until 2006: Consolidation;
until 2007: Corporate Center/Other and Consolidation)
     
–4,407
 
–1,676
 
1,782
 
1,527
 
1,302
 
1,260
 
1,203
 
1,251
Consolidation           –3,235   –2,581   –2,340   –2,436   –2,447   –2,445
Total
(continuing operations)
     
60,545
 
54,043
 
54,474
 
46,201
 
51,388
 
52,829
 
55,512
 
55,085
Discontinued operations         10,335   11,226   1,634        
Profit/loss from operating activities (EBIT)                                    
MAIL       2,094   1,976   2,179   1,391   1,120   1,107   1,048   1,226
EXPRESS       288   –272   –2,194   –790   497   916   1,110   1,133
LOGISTICS       751              
GLOBAL FORWARDING, FREIGHT         409   362   174   383   440   514   483
SUPPLY CHAIN         577   –920   –216   231   362   419   441
FINANCIAL SERVICES       1,004              
SERVICES       –229              
Divisions total       3,908   2,690   –573   559   2,231   2,825   3,091   3,283
Corporate Center/Other (until 2006: Consolidation;
until 2007: Corporate Center/Other and Consolidation)
     
–36
 
–557
 
–393
 
–328
 
–395
 
–389
 
–423
 
–421
Consolidation           0   0   –1   0   –3   –1
Total (continuing operations)       3,872   2,133   –966   231   1,835   2,436   2,665   2,861
Discontinued operations         1,060   –871   –24        
Consolidated net profit/loss for the period      
2,282
 
1,873
 
–1,979
 
693
 
2,630
 
1,266
 
1,762
 
2,211
Cash flow/investments/depreciation, amortisation
and impairment losses
                                   
Total cash flow from operating activities       3,922   5,151   1,939   –584   1,927   2,371   –203   2,994
Total cash flow from investing activities       –2,697   –1,053   –441   –2,710   8   –1,129   –1,697   –1,772
Total cash flow from financing activities       –865   –1,787   –1,468   1,676   –1,651   –1,547   1,199   –110
Investments       4,066   2,343   3,169   1,444   1,276   1,880   2,032   1,494
Depreciation, amortisation and impairment losses       1,771   2,196   2,662   1,620   1,296   1,274   1,339   1,341
Assets and capital structure                                    
Non-current assets       26,074   25,764   20,517   22,022   24,493   21,225   21,568   21,366
Current assets       191,624   209,656   242,447   12,716   13,270   17,183   12,289   14,112
Equity (excluding non-controlling interests)       11,220   11,035   7,826   8,176   10,511   11,009   9,019   9,857
Non-controlling interests       2,732   2,778   2,026   97   185   190   209   191
Current and non-current provisions       14,233   12,276   10,836   9,677   9,427   9,008   8,978   8,460
Current and non-current liabilities1       20,850   21,544   242,276   16,788   17,640   18,201   15,651   16,970
Total assets       217,698   235,420   262,964   34,738   37,763   38,408   33,857   35,478
  1. Excluding liabilities from financial services.

 

Key figures 2006 to 2013XLS
€m
        2006
adjusted
  2007
adjusted
  2008
adjusted
  2009
 
  2010
 
  2011
 
  2012
adjusted
  2013
Employees/staff costs
(from 2007: continuing operations)
                                   
Total number of employees
(headcount including trainees)
 
as at 31 Dec.
 
520,112
 
512,147
 
512,536
 
477,280
 
467,088
 
471,654
 
473,626
 
480,006
Full time equivalents   as at 31 Dec.   463,350   453,626   451,515   424,686   418,946   423,502   428,129   435,285
Average number of employees (headcount)       507,641   500,252   511,292   488,518   464,471   467,188   472,321   479,212
Staff costs   m   18,616   17,169   18,389   17,021   16,609   16,730   17,770   17,785
Staff cost ratio2   %   30.7   31.8   33.8   36.8   32.3   31.7   32.0   32.3
Key figures revenue/income/assets
and capital structure
                                   
Return on sales3   %   6.4   3.9   –1.8   0.5   3.6   4.6   4.8   5.2
Return on equity (ROE) before taxes4   %   21.6   8.6   –9.0   3.0   29.8   15.2   23.6   26.7
Return on assets5   %   2.0   0.9   –0.4   0.2   5.1   6.4   7.4   8.3
Tax rate6   %   19.7   14.0     5.4   6.9   23.7   20.2   14.0
Equity ratio7   %   6.4   5.9   3.7   23.8   28.3   29.2   27.3   28.3
Net debt (+)/net liquidity (–) (Postbank at equity)8   m   3,083   2,858   2,466   –1,690   –1,382   –938   1,952   1,481
Net gearing (Postbank at equity)9   %   21.4   20.4   23.7   –25.7   –14.8   –9.1   17.5   12.8
Dynamic gearing (Postbank at equity)10   years   1.4   1.0   0.7   –1.4   –0.7   –0.4   –9.6   0.5
Key stock data                                    
(Diluted) earnings per share11     1.60   1.15   –1.40   0.53   2.10   0.96   1.30   1.66
Cash flow per share11 12     3.28   4.27   1.60   –0.48   1.59   1.96   –0.17   2.48
Dividend distribution   m   903   1,087   725   725   786   846   846   96713
Payout ratio
(distribution to consolidated net profit)
 
%
 
47.1
 
78.6
 
 
112.6
 
30.9
 
72.7
 
51.6
 
46.2
Dividend per share     0.75   0.90   0.60   0.60   0.65   0.70   0.70   0.8013
Dividend yield (based on year-end closing price)   %   3.3   3.8   5.0   4.4   5.1   5.9   4.2   3.0
(Diluted) price / earnings ratio14       14.3   20.4   –8.5   25.5   6.0   12.4   12.8   16.0
Number of shares carrying dividend rights   millions   1,204.0   1,208.2   1,209.0   1,209.0   1,209.0   1,209.0   1,209.0   1,209.0
Year-end closing price     22.84   23.51   11.91   13.49   12.70   11.88   16.60   26.50
  1. Staff costs/revenue. 
  2. EBIT/revenue. 
  3. Profit before income taxes/average equity (including non-controlling interests). 
  4. EBIT/average total assets. 
  5. Income taxes/profit before income taxes. 
  6. Equity (including non-controlling interests)/total assets. 
  7. From 2006: excluding financial liabilities to minority shareholders of Williams Lea. From 2008:  Group Management Report
  8. Net debt/net debt and equity (including non-controlling interests). 
  9. 10 Net debt/cash flow from operating activities.
  10. 11 The weighted average number of shares for the period was used for the calculation. 
  11. 12 Cash flow from operating activities. 
  12. 13 Proposal. 
  13. 14 Year-end closing price/(diluted) earnings per share.
© 2014 Deutsche Post AG
2013 Annual Report

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2013 Annual Report

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