Deutsche Post AG

Earnings Release • Apr 21, 2009

News Details

Corporate | 21 April 2009 07:30

Deutsche Post DHL provides preview of the first quarter 2009

Deutsche Post AG / Preliminary Results

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Deutsche Post DHL provides preview of the first quarter 2009

Bonn, April 21, 2009: Deutsche Post DHL, the world's largest logistics
provider, saw volume declines increase across all products and divisions in
the first quarter compared with the fourth quarter of 2008. However, the
rate of decline has stabilized suggesting that overall flows are bottoming
out. Overall profitability toward the end of the quarter increasingly
benefited from the restructuring of the DHL U.S. Express business. In the
EXPRESS Corporate Division all regions outside the U.S. recorded profitable
business. All other Corporate Divisions showed positive underlying and
reported earnings before interest and tax (EBIT). However, only the
Corporate Division SUPPLY CHAIN recorded an improvement in underlying EBIT
compared with the year-earlier period. Despite one additional working day,
the MAIL division could not mitigate the negative revenue impact mainly
driven by the economic downturn and an increase in wage expenses.
Underlying EBIT in MAIL hence was approximately 150 million euros below the
level of the first quarter 2008.

Despite significant U.S. restructuring costs, Deutsche Post DHL in total
recorded a slightly positive reported EBIT in the first quarter. On an
underlying basis, Group EBIT declined less than 50 percent. Continued
progress in the Group's efforts to cut indirect costs by at least 1 billion
euros by the end of 2010 and cost measures in response to the volume
declines in the divisions mitigated the heavy economic headwind.

With close to 1 billion euros, Deutsche Post DHL's first-quarter net profit
was considerably ahead of last year's number as the financial result was
positively impacted by the market valuation of the Group's put options on
Postbank shares. In addition to that, discontinued operations benefited
from deconsolidation effects.

DP DHL will release the full set of numbers for the first quarter of 2009
on May 6th, 2009.

Note:
The Annual General Meeting will be broadcast from 10 a.m. CET today under
http://investors.dp-dhl.de.

Deutsche Post DHL
Corporate Communications
Phone + 49 (0)228/182 99 44
E-mail: pressestelle@deutschepost.de

21.04.2009 Financial News transmitted by DGAP

Language: English
Issuer: Deutsche Post AG
Charles-de-Gaulle-Straße 20
53113 Bonn
Deutschland
Phone: +49 (0)228 182 - 63 100
Fax: +49 (0)228 182 - 63 199
E-mail: ir@deutschepost.de
Internet: www.dpwn.de
ISIN: DE0005552004
WKN: 555200
Indices: DAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Hamburg, München, Stuttgart;
Terminbörse EUREX

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