Interim Report Q3 2012 - Deutsche Post DHL

25 Global Forwarding: revenue
€ m
Deutsche Post DHL Interim Report January to September 2012
9 M 2011 9 M 2012 + / – % Q 3 2011 Q 3 2012 + / – %
Air freight 4,137 4,120 – 0.4 1,396 1,406 0.7
Ocean freight 2,649 2,817 6.3 900 1,034 14.9
Other 1,401 1,725 23.1 510 587 15.1
Total 8,187 8,662 5.8 2,806 3,027 7.9
26 Global Forwarding: volumes
thousands
9 M 2011 9 M 2012 + / – % Q 3 2011 Q 3 2012 + / – %
Air freight tonnes 3,273 3,077 – 6.0 1,080 1,039 –3.8
of which
exports tonnes 1,823 1,721 – 5.6 611 586 – 4.1
Ocean
freight TEU s 1 2,042 2,139 4.8 708 751 6.1
1 Twenty-foot equivalent units.
Overland transport business sees slight revenue growth
In the Freight business unit, revenue grew to €3,111 million (previous year, adjusted:
€3,077 million) in the first nine months, a slight increase of 1.1 %. Growth was seen
largely in Germany and Eastern Europe. The business from Standard Forwarding in
the United States contributed 1.8 % to revenue in the Freight business unit in the reporting
period. We acquired the company in June 2011 to develop our overland transport
business outside our core market of Europe. Total revenue includes positive currency
effects of €27 million. Although the pressure on margins remained, gross profit was
€856 million, which exceeded the previous year by 6.6 % (previous year: €803 million).
Effective 1 January 2012, responsibility for the national less-than-truckload and
part-truckload business in the Czech Republic was transferred from the EXPRESS division
to Freight. The previous year’s segment reporting figures were adjusted accordingly.
EBIT increases on the back of high gross profit margins
EBIT in the division improved by 11.6 % to €346 million (previous year, adjusted:
€310 million) thanks to high gross profit margins and constantly increasing efficiency.
Return on sales amounted to 3.0 % (previous year: 2.8 %).
In the third quarter, EBIT was €122 million and on par with the prior-year period.
Net working capital in the first nine months declined. Operating cash flow remained
at a constant level at €410 million (previous year: €408 million).
Interim Report by the Board of Management
Divisions
GLOBAL FORWARDING, FREIGHT division
19