Deutsche Post DHL Annual Report 2012

Annual Report 2012

Seal: DHL in China

Multi-year Review

Excerpts from Deutsche Post AG's 2012 Group Annual Report.

Key figures 2005 to 2012 XLS
€m
2005
adjusted
2006
adjusted
2007
adjusted
2008
adjusted
2009
adjusted
2010
adjusted
2011
adjusted
2012
Revenue
MAIL 12,878 15,290 14,569 14,393 13,912 13,913 13,973 13,972
EXPRESS 16,831 13,463 13,874 13,637 9,917 11,111 11,691 12,778
LOGISTICS 9,933 24,405
GLOBAL FORWARDING, FREIGHT 12,959 14,179 11,243 14,341 15,118 15,666
SUPPLY CHAIN 14,317 13,718 12,183 13,061 13,223 14,340
FINANCIAL SERVICES 7,089 9,593
SERVICES 3,874 2,201
Divisions total 50,605 64,952 55,719 55,927 47,255 52,426 54,005 56,756
Corporate Center/Other (until 2006: Consolidation;
until 2007: Corporate Center/Other and Consolidation)

–6,011

–4,407

–1,676

1,782

1,527

1,302

1,260

1,203
Consolidation –3,235 –2,581 –2,340 –2,436 –2,447
Total
(continuing operations)

44,594

60,545

54,043

54,474

46,201

51,388

52,829

55,512
Discontinued operations 10,335 11,226 1,634
Profit/loss from operating activities (EBIT)
MAIL 2,030 2,094 1,976 2,179 1,391 1,120 1,107 1,051
EXPRESS –23 288 –272 –2,194 –790 497 916 1,108
LOGISTICS 346 751
GLOBAL FORWARDING, FREIGHT 409 362 174 383 440 512
SUPPLY CHAIN 577 –920 –216 231 362 416
FINANCIAL SERVICES 863 1,004
SERVICES 679 –229
Divisions total 3,895 3,908 2,690 –573 559 2,231 2,825 3,087
Corporate Center/Other (until 2006: Consolidation;
until 2007: Corporate Center/Other and Consolidation)

–131

–36

–557

–393

–328

–395

–389

–420
Consolidation 0 0 –1 0 –2
Total
(continuing operations)

3,764

3,872

2,133

–966

231

1,835

2,436

2,665
Discontinued operations 1,060 –871 –24

Consolidated net profit/loss for the period

2,448

2,282

1,873

–1,979

693

2,630

1,266

1,780
Cash flow/investments/depreciation, amortisation and impairment losses
Total cash flow from operating activities 3,624 3,922 5,151 1,939 –584 1,927 2,371 –203
Total cash flow from investing activities –5,052 –2,697 –1,053 –441 –2,710 8 –1,129 –1,697
Total cash flow from financing activities –1,288 –865 –1,787 –1,468 1,676 –1,651 –1,547 1,199
Investments 6,176 4,066 2,343 3,169 1,444 1,276 1,880 2,032
Depreciation, amortisation and impairment losses 1,961 1,771 2,196 2,662 1,620 1,296 1,274 1,339
Assets and capital structure
Non-current assets 25,223 26,074 25,764 20,517 22,022 24,493 21,225 21,832
Current assets 147,417 191,624 209,656 242,447 12,716 13,270 17,183 12,289
Equity (excluding non-controlling interests) 10,624 11,220 11,035 7,826 8,176 10,511 11,009 11,951
Non-controlling interests 1,791 2,732 2,778 2,026 97 185 190 213
Current and non-current provisions 12,161 14,233 12,276 10,836 9,677 9,427 9,008 6,306
Current and non-current liabilities1 19,371 20,850 21,544 242,276 16,788 17,640 18,201 15,651
Total assets 172,640 217,698 235,420 262,964 34,738 37,763 38,408 34,121
Employees/staff costs
(from 2007: continuing operations)
Total number of employees
(headcount including trainees)
as at
31 Dec.

502,545

520,112

512,147

512,536

477,280

467,088

471,654

473,626

Full-time equivalents
as at 
31 Dec.

455,115

463,350

453,626

451,515

424,686

418,946

423,502

428,129
Average number of employees (headcount) 393,463 507,641 500,252 511,292 488,518 464,471 467,188 472,321
Staff costs €m 14,337 18,616 17,169 18,389 17,021 16,609 16,730 17,770
Staff cost ratio2 % 32.2 30.7 31.8 33.8 36.8 32.3 31.7 32.0
Key figures revenue/income/assets
and capital structure
Return on sales3 % 8.4 6.4 3.9 –1.8 0.5 3.6 4.6 4.8
Return on equity (ROE) before taxes4 % 28.7 21.6 8.6 –9.0 3.0 29.8 15.2 19.2
Return on assets5 % 2.3 2.0 0.9 –0.4 0.2 5.1 6.4 7.3
Tax rate6 % 19.8 19.7 14.0 5.4 6.9 23.7 20.5
Equity ratio7 % 7.2 6.4 5.9 3.7 23.8 28.3 29.2 35.6
Net debt (+)/net liquidity (–) (Postbank at equity)8 €m 4,193 3,083 2,858 2,466 –1,690 –1,382 –938 1,952
Net gearing (Postbank at equity)9 % 28.1 21.4 20.4 23.7 –25.7 –14.8 –9.1 13.8
Dynamic gearing (Postbank at equity)10 years 2.4 1.4 1.0 0.7 –1.4 –0.7 –0.4 –9.6
Key stock data
(Diluted) earnings per share11 1.99 1.60 1.15 –1.40 0.53 2.10 0.96 1.32
Cash flow per share11,12 3.23 3.28 4.27 1.60 –0.48 1.59 1.96 –0.17
Dividend distribution €m 836 903 1,087 725 725 786 846 84613
Payout ratio (distribution to consolidated net profit) % 37.4 47.1 78.6 112.6 30.9 72.7 51.0
Dividend per share 0.70 0.75 0.90 0.60 0.60 0.65 0.70 0.7013
Dividend yield (based on year-end closing price) % 3.4 3.3 3.8 5.0 4.4 5.1 5.9 4.2
(Diluted) price/earnings ratio14 10.3 14.3 20.4 –8.5 25.5 6.0 12.4 12.6
Number of shares carrying dividend rights millions 1,193.9 1,204.0 1,208.2 1,209.0 1,209.0 1,209.0 1,209.0 1,209.0
Year-end closing price 20.48 22.84 23.51 11.91 13.49 12.70 11.88 16.60
  1. 1   Excluding liabilities from financial services.
  2. 2   Staff costs/revenue.
  3. 3   EBIT/revenue.
  4. 4   Profit before income taxes/average equity (including non-controlling interests).
  5. 5   EBIT/average total assets.
  6. 6   Income taxes/profit before income taxes.
  7. 7   Equity (including non-controlling interests)/total assets.
  8. 8   2005: Financial liabilities excluding cash and cash equivalents, current financial assets and long-term deposits. From 2006: excluding financial liabilities to minority
    shareholders of Williams Lea. From 2008: Group Management Report.
  9. 9   Net debt/net debt and equity (including non-controlling interests).
  10. 10 Net debt/cash flow from operating activities.
  11. 11 The weighted average number of shares for the period was used for the calculation.
  12. 12 Cash flow from operating activities.
  13. 13 Proposal.
  14. 14 Year-end closing price/(diluted) earnings per share.