Preview of second quarter: Deutsche Post World Net records strong growth in underlying EBIT
Revenue growth has been increased by higher fuel costs that were recovered from customers. At the same time, foreign exchange effects continued to reduce revenue growth compared with the year-earlier period. The revenue increase before foreign exchange effects was approximately 9 percent in the second quarter and reported revenue increased by about 4 percent.
Based on the first-half results and assuming no significant worsening of the global economy, the Group is maintaining its full-year guidance for 2008 and expects underlying EBIT of 4.1 billion euros.
While the U.S. air express market continues to soften, measures to restructure DHL Express U.S. are on track and negotiations with UPS are making satisfactory progress. An update on this matter will be issued after the conclusion of negotiations with UPS.
The full set of half-year accounts will be released on July 31, 2008 at 07:00 CEST. A press conference with Chief Executive Officer Frank Appel and Chief Financial Officer John Allan will be held at 10 a.m. CEST. An investor call will be held at 14:00 CEST.
Deutsche Post World Net
Deutsche Post World Net is the world's leading logistics group. Its integrated Deutsche Post, DHL and Postbank brands offer tailored, customer-focused solutions for the management and transport of goods, information and payments through a global network combined with local expertise. Deutsche Post World Net is also the leading provider of dialogue marketing services, with a unique portfolio of efficient outsourcing and system solutions for the mail business. The Group generated revenue of ¤63 billion in 2007. With currently some 500,000 employees in more than 220 countries and territories Deutsche Post World Net is one of the largest employers worldwide.