Deutsche Post still very dependent on monopoly

In 2001 Deutsche Post World Net revenue rose by 2.1 per cent to 33.4 billion euro while profit from operating (Ebitda) increased by 7.3 per cent to some 2.6 billion.

CEO Klaus Zumwinkel suggest a higher dividend for shareholders, 37 cents per share, an increase of 37 per cent.

Deutsche Post increased its net profit for the period before minority interest (profit after tax) by 4.3 to around 1.6 billion euro, raising earnings per share also by more than 4 per cent from 1.36 to 1.42.

Zumwinkel: ‘For 2002 we expect to continue the Group’s successful journey, however it will be a challenge to surpass our operating profit yet again. Through the full consolidation of DHL and further organic growth we anticipate strong revenue increases of more than 20 per cent to over 41 billion.’

Deutsche Post launched a broad, group‑wide value enhancement project by the name of Star, said Zumwinkel at the press conference about the 2001 result.

In 2001 the Mail division contributed some 11.7 billion to the divisions’ overall revenue. Express had a revenue increases of 6.6 per cent (2001 revenue: 6.4 billion and Logistics 10.4 per cent (2001 revenue: 9.2 billion), and Financial Services division had 7.6 billion revenue.

Deutsche Post depends much on its mail monopoly in Germany – still 70 per cent of its profit arrives from mail. The Group generated 67 per cent of its revenues in Germany.

At 2 billion euro, the Mail division’s profit from operating activities (Ebitda) in 2001 remained almost constant compared to 2000. Express generated a 132 per cent increase to 176 million year on year, while the Logistics division’s profits grew by 41 per cent to 159 million, Financial Services earned 522 million euro.