Excerpts from Deutsche Post AG's 2012 Group Annual Report.
Overall assessment of expected performance
Our strong position as market leader in the German mail and parcel business and in nearly all of our logistics activities is the best possible basis for our further growth. We expect consolidated EBIT to reach between €2.7 billion and €2.95 billion in financial year 2013 and the world economy to grow by approximately 3%, though we anticipate that the economy will pick up momentum as the year progresses. A similar development is expected for world trade. The MAIL division is likely to contribute between €1.1 billion and €1.2 billion to consolidated EBIT. Compared with the previous year, we expect an additional improvement in overall earnings to between €2.0 billion and €2.15 billion in the DHL divisions. At around €–0.4 billion, the Corporate Center/Other result should be on par with the previous year. In 2013, operating cash flow will recover from the one-time charges in the reporting year and benefit from the expected earnings improvement.