Annual Report 2012 pdf (5 MB) - Deutsche Post DHL

Contents
the group I
selected Key Figures I
letter to our shareholders 1
target-Performance Comparison 2
Pioneering Future Markets 3
a 甲
grouP ManageMent rePort 17
business and environment 19
Deutsche Post shares 33
economic Position 36
Divisions 50
non-Financial Performance indicators 70
Further Developments 84
outlook 85
b乙
CorPorate goVernanCe 109
report of the supervisory board 111
supervisory board 115
board of Management 116
Mandates 118
Corporate governance report 119
C 丙
ConsoliDateD FinanCial
stateMents 135
income statement 137
statement of Comprehensive income 138
balance sheet 139
Cash Flow statement 140
statement of Changes in equity 141
notes to the Consolidated Financial statements 142
responsibility statement 213
independent auditor’s report 214
D丁
FurtHer inForMation 215
index 217
glossary 218
graphs and tables 219
locations 220
Multi-Year review 222
Contacts 224
events II
03 target-PerForManCe CoMParison
goals 2012 results 2012 goals 2013
EBIT
group: €2.6 billion
to €2.7 billion 1 .
MAIL division: €1.0 billion
to €1.1 billion.
DHL divisions: around
€2.0 billion 1 .
Corporate Center / other:
around €–0.4 billion.
Consolidated net profi t 2
Continue to improve consolidated
net profi t before effects
from the Postbank transaction,
the additional VAT
payment and the reversal of
restructuring provisions in
line with operating business
(previous year: consolidated
net profit before effects
from the measurement of
the Postbank instruments
€1.46 billion).
Capital expenditure
(capex) 3
increase investments
from €1.72 billion (2011) to
a maximum of €1.8 billion.
Dividend distribution
Pay out 40 % to 60 % of net
profi t as dividend.
1 Forecast increased over the course of the year.
2 after deduction of non-controlling interests.
3 Forecast narrowed over the course of the year.
EBIT
group: €2.67 billion.
MAIL division: €1.05 billion.
DHL divisions: €2.04 billion.
Corporate Center / other:
€–0.42 billion.
Consolidated net profi t 2
Consolidated net profi t
before effects from the
measurement of the
Postbank transaction, the
additional VAT payment
and the reversal of
restructuring provisions:
€1.63 billion.
Capital expenditure
(capex)
invested: €1.70 billion.
Dividend distribution
Proposal: pay out 53.3 %
of adjusted net profi t as
dividend.
EBIT
group: €2.7 billion
to €2.95 billion.
MAIL division: €1.1 billion
to €1.2 billion.
DHL divisions: €2.0 billion
to €2.15 billion.
Corporate Center / other:
around €–0.4 billion.
Operating cash fl ow
operating cash fl ow will
recover from the one-time
charges in 2012 and benefi t
from the expected earnings
improvement.
Capital expenditure
(capex)
increase investments to
a maximum of €1.8 billion.
Dividend distribution
Pay out 40 % to 60 % of net
profi t as dividend.
Contents and target-Performance Comparison