Deutsche Post AG

Quarterly Report • Nov 15, 2022

QUARTERLY STATEMENT AS AT 30 SEPTEMBER 2022

2BUSINESS PERFORMANCE

• 2 Organisational changes
• 2 Significant events
• 2 Revenue, earnings and financial position
• 5 Divisions
• 11 Changes in expected developments

12SELECTED FINANCIAL INFORMATION

• 12 Income statement
• 13 Balance sheet
• 14 Cash flow statement
• 16 Segments by division
• 18 Earnings per share
• 18 Issued capital and treasury shares

Selected key figures

		9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Rev en ue	€m	58 ,36 9	70 ,66 0	21 .1	20 03 6 ,	24 03 8 ,	20 .0
fit fro s ( IT) Pro ing tiv itie EB rat m o pe ac	€m	5,7 65	6,5 37	13 .4	1,7 71	2, 04 1	15 .2
s1 Re ale tur n o n s	%	9.9	9.3	–	8.8	8.5	–
fte e ( C) EB IT a ch EA set r as arg	€m	3,6 98	4, 08 4	10 .4	1, 06 8	1,1 86	11 .0
d2 Co lida ted rof it f the rio t p nso ne or pe	€m	3,5 69	4, 04 0	13 .2	1, 08 7	1, 22 8	13 .0
flo Fre ash e c w	€m	3,3 59	2, 28 5	–3 2.0	1, 25 7	1, 81 7	44 .6
3 Ne t d ebt	€m	12 ,77 2	16 06 0 ,	25 .7	–	–	–
re4 Ea rni sha ng s p er	€	2.8 9	3.3 2	14 .9	0.8 8	1.0 2	15 .9
5 mb of loy Nu er em p ees		58 0,6 12	59 0,3 86	1.7	–	–	–

EBIT/revenue. 2 After deduction of non-controlling interests. 3 Prior-year figure as at 31 December. 4 Basic earnings per share. 5 Headcount at the end of the reporting period, including trainees.

BUSINESSPERFORMANCE

Organisational changes

No material changes were made to the Group's organisational structure during the third quarter of 2022.

Effective as of 1 July 2022, Nikola Hagleitner assumed responsibility on the Board of Management for Post & Parcel Germany from Tobias Meyer, who is now responsible for Global Business Services. As a new member of the Board of Management, Pablo Ciano assumed responsibility for the eCommerce Solutions division as of 1 August 2022. John Pearson has been responsible for Customer Solutions & Innovation (CSI) since August.

Significant events

As part of the first tranche of the 2022–2024 share buyback programme, we had repurchased shares in the amount of €777 million as of 30 September 2022, and will carry out a second tranche amounting to €500 million in the near term. The share buy-back programme has a total volume of up to €2 billion and ends in December 2024 at the latest.

Revenue, earnings and financial position

Changes to the portfolio

The acquisition of the Australian Glen Cameron Group, a specialist for road freight and contract logistics, was completed in the third quarter. Along with its subsidiaries, the company has been fully integrated into the Supply Chain division.

Additionally, in the third quarter we signed an agreement on the acquisition of a majority stake in Netherlands-based Monta B.V., which was completed in October. Monta will support the Supply Chain division with its eFulfillment services.

Consolidated revenue up 20.0% in the quarter

In the third quarter of 2022, consolidated revenue rose by €4,002 million to €24,038 million, also driven by positive currency effects of €1,093 million. All DHL divisions contributed to this growth. The acquired Hillebrand Group generated revenue of €596 million in the third quarter.

Higher income from currency translation in particular caused other operating income to increase from €520 million to €664 million.

Materials expense noticeably up on previous year

Materials expense increased noticeably by €3,197 million to €13,889 million in the third quarter of 2022, due primarily to transport costs with an increase of €1,149 million and the initial consolidation of the Hillebrand Group with €491 million. At €6,472 million, staff costs were €613 million above the level of the prioryear period, which was due primarily to the increase in the number of employees. Depreciation, amortisation and impairment losses increased by €73 million to €1,046 million, mainly on account of investments. Other operating expenses came to €1,474 million, thus significantly exceeding the prior year (€1,186 million), driven by higher currency translation expenses, amongst other factors.

Consolidated EBIT 15.2% over third quarter of 2021

In the third quarter of 2022, consolidated EBIT was €2,041 million, 15.2% over the prior-year figure. Net finance costs worsened by €10 million to €–152 million. Profit before income taxes rose by €260 million to €1,889 million. As a consequence, income taxes increased by €91 million to €548 million – also due to a higher tax rate.

Increase in consolidated net profit for the period

Consolidated net profit for the period came to €1,341 million in the third quarter of 2022, noticeably exceeding the prior-year figure of €1,172 million. Of this amount, €1,228 million is attributable to Deutsche Post AG shareholders and €113 million to non-controlling interest shareholders. Basic earnings per share improved from €0.88 to €1.02 and diluted earnings per share from €0.87 to €1.01.

Increased EBIT after asset charge (EAC)

In the third quarter of 2022, EAC climbed from €1,068 million to €1,186 million, mainly as a result of increased profitability. The imputed asset charge rose particularly due to investments in the property, plant and equipment of the Express and Post & Parcel Germany divisions. The consolidation of Hillebrand also resulted in an increase in assets.

EBIT after asset charge (EAC)

C EA	69 8 3,	08 4, 4	10 .4	06 8 1,	18 1, 6	.0 11
ch As set arg e	–2 06 7 ,	–2 ,45 3	8.7 –1	03 –7	–8 55	–2 1.6
EB IT	5,7 65	6,5 37	13 .4	1,7 71	2, 04 1	15 .2
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
€m

Increase in net cash from operating activities

In the third quarter of 2022, net cash from operating activities rose significantly compared with the prior-year period, from €2,649 million to €3,465 million. The improved EBIT was partially offset by increased income tax payments. At €781 million, the cash inflow from changes in the working capital was €486 million higher than in the prior-year period.

Solid liquidity

As of 30 September 2022, the Group's reported liquidity was €5.1 billion, consisting of cash and cash equivalents of €4.1 billion and current financial assets of €1.0 billion. In view of our solid liquidity, the syndicated credit line with a total volume of €2 billion was not drawn. In addition to the syndicated credit line, unused bilateral credit lines totalling €1.5 billion were in place at the reporting date. As of 30 September 2022, nine bonds with a total volume of €6.2 billion and a volume-weighted average duration of 4.6 years were still outstanding.

Capital expenditure for assets acquired above prior-year level

Investments in property, plant and equipment and intangible assets (not including goodwill) acquired amounted to €958 million in the third quarter of 2022 (previous year: €880 million). As planned, we made additional investments in renewing the Express division's intercontinental aircraft fleet. In this context, three Boeing 777 freighters have been delivered so far this year and advance payments made towards the new order for a further six freighters of this model. Some of these investments were attributable to rights of use.

Calculationof free cash flow

€m
	9M 20 21	9M 20 22	Q3 20 21	Q3 20 22
sh fro ing tiv itie Ne t ca rat m o pe ac s	7, 37 7	7, 87 5	2, 64 9	3, 46 5
Sa le o f p lan nd uip d in ibl ert t a nt tan ts rop y, p eq me an g e a sse	88	76	32	27
isit ion of lan nd uip d in ible Ac ert t a nt tan set qu pr op y, p eq me an g as s	–2 28 0 ,	–2 05 ,4	–8 51	–9 18
sh tfl fro ha e in lan nd uip Ca ert t a nt ou ow m c ng pr op y, p eq me d i ibl nta ts an ng e a sse	–2 19 2 ,	–2 32 9 ,	–8 19	–8 91
Dis als of bsi dia rie nd oth bu sin its pos su s a er ess un	3	69	0	5
Dis als of inv d f usi the uit eth od est nts nte pos me ac cou or ng eq y m d o the r in tm ent an ves s	0	4	0	4
of bsi dia nd oth bu Ac isit ion rie sin its qu su s a er ess un	0	–1 ,51 4	0	–1 33
of d f the eth od Ac isit ion inv usi uit est nts nte qu me ac cou or ng eq y m d o the r in tm ent an ves s	–2	0	0	0
inf ive sti uis itio Ca sh low /o utf low fro m d es/ tur acq ns	1	–1 44 1 ,	0	–1 24
ds fro lea ab les Pro eiv cee m se rec	21	13 4	7	46
st f lea ab les Int eiv ere rom se rec	0	15	0	6
of Re lea liab ilit ies nt pay me se	–1 ,51 9	–1 ,65 2	–4 86	–5 77
Int n le lia bili tie st o ere ase s	–2 83	–3 29	–9 7	–1 17
tfl fo Ca sh r le ou ow ase s	–1 78 1 ,	–1 83 2 ,	–5 76	–6 42
d ( ho lea ) Int st r ive wit ut sin ere ece g	53	11 3	20	35
aid (w ith t le ) Int asi st p ere ou ng	–9 9	–1 01	–1 7	–2 6
t in id/ eiv ed Ne ter est pa rec	–4 6	12	3	9
ash flo Fre e c w	3, 35 9	2, 28 5	1, 25 7	1, 81 7

Net cash used in investing activities increased by €143 million to €1,293 million. This was mainly driven by payments of €133 million made for the acquisition of subsidiaries and other business units, including for the Glen Cameron Group.

At €1,817 million, free cash flow came in significantly over the prior-year figure of €1,257 million.

Net cash used in financing activities increased from €1,480 million to €1,609 million. The dividend payments to non-controlling interest shareholders in particular rose significantly. Cash and cash equivalents increased from €3,531 million as at 31 December 2021 to €4,134 million.

Consolidated total assets up

The Group's total assets amounted to €69,378 million as at 30 September 2022 and were thus significantly higher than at 31 December 2021 (€63,592 million).

Non-current assets increased by €4,977 million to €45,835 million. In particular, the initial consolidation of Hillebrand caused intangible assets to increase by €2,074 million to €14,150 million. Property, plant and equipment increased from €24,903 million to €27,855 million, with capital expenditure and positive currency effects exceeding disposals and depreciation, amortisation and impairment losses. Other non-current assets rose by €383 million to €970 million, particularly because actuarial gains resulted in an increase in pension assets. Current financial assets dropped significantly from €3,088 million to €964 million, due mainly to the sale of money-market funds. Trade receivables increased by €1,707 million to €13,390 million and cash and cash equivalents by €603 million to €4,134 million. Other current assets rose from €3,588 million to €3,740 million, also due to the initial consolidation of assets of Hillebrand.

At €23,401 million, equity attributable to Deutsche Post AG shareholders was considerably higher than at 31 December 2021 (€19,037 million). The consolidated net profit for the period, the remeasurement of pension obligations and currency effects increased this figure, whilst the dividend payment and share buy-backs decreased it. In particular, higher interest rates resulted in a significant decline of €2,343 million in provisions for pensions and similar obligations to €1,842 million. Financial liabilities increased from €19,897 million to €21,903 million, due particularly to an increase in lease liabilities. Other current liabilities climbed from €6,138 million to €7,047 million, due primarily to an increase in liabilities to employees.

Increase in net debt

Our net debt rose from €12,772 million as at 31 December 2021 to €16,060 million as at 30 September 2022.

Net debt

	20 21	20 22
fin No cia l lia bili tie ent n-c urr an s	16 ,5 89	18 05 4 ,
fin Cu cia l lia bili tie nt rre an s	2, 80 2	3,1 95
s1 Fi nci lia bil itie al na	19 39 1 ,	21 24 9 ,
sh d c ash ale Ca uiv nts an eq	3,5 31	4,1 34
fin l as Cu cia nt set rre an s	3, 08 8	96 4
fa alu f n Po sit ive ir v nt e o on -cu rre
2 fin cia l de riva tiv an es	0	91
Fi nci al a ts na sse	6, 61 9	5, 18 9
t d eb Ne t	12 77 2 ,	16 06 0 ,

1 Less operating financial liabilities.

2Recognised in non-current financial assets in the balance sheet.

Divisions

EXPRESS

Key figures, Express

€m
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Rev en ue	17 ,36 1	20 ,56 3	18 .4	5, 91 0	7,1 97	21 .8
of w hic h E uro pe	7,3 30	8, 29 3	13 .1	2,4 43	2, 82 4	15 .6
Am eri cas	3,6 56	4,5 86	25 .4	1, 27 7	1,6 27	27 .4
fic As ia P aci	6,3 11	7,4 33	17 .8	2,1 54	2,5 97	20 .6
A ( Afr ) ME Mid dle Ea nd ica st a	99 7	1,1 69	17 .3	32 8	40 7	24 .1
Co lida tio n/O the nso r	–9 33	–9 18	1.6	–2 92	–2 58	11 .6
s ( IT) Pro fit fro ing tiv itie EB rat m o pe ac	3,1 09	3, 08 4	–0 .8	97 1	1, 01 2	4.2
s ( %) 1 Re ale tur n o n s	17 .9	15 .0	–	16 .4	14 .1	–
Op tin ash flo era g c w	4,5 63	4,3 76	–4 .1	79 1,6	85 1,7	6.3

EBIT/revenue.

Express: revenue by product

1 r d €m pe ay
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
al ( I) Tim efi nit ion e D e In ter nat TD	69 .6	80 .2	.2 15	68 .5	81 .2	18 .5
Tim efi nit ic ( D) e D e D est TD om	5.9	5.9	0.0	5.5	5.7	3.6

1 To improve comparability, product revenues were translated at uniform exchange rates. These revenues are also the basis for the weighted calculation of working days.

Express: volume by product

r d ( tho nd s) Ite ms pe ay usa
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Tim efi nit ion al ( I) e D e In ter nat TD	87 1,1	29 1,1	.9 –4	26 1,1	09 1, 7	–2 .6
Tim efi nit ic ( D) e D e D est TD om	63 7	55 1	–1 3.5	57 5	51 3	0.8 –1

Continued growth in international business revenue

Revenue in the division increased by 21.8% to €7,197 million in the third quarter of 2022. This figure includes positive currency effects of €404 million; excluding these, the revenue increase was 14.9%. The revenue figure also reflects the fact that fuel surcharges were higher than in the previous year in all regions. Excluding currency effects and fuel surcharges, revenue was up by 4.3%. Revenue per day increased significantly in the TDI product line and slightly in the TDD product line. This growth is also a reflection of the disciplined yield management. Per-day shipment volumes decreased in both product lines.

Revenue in the Europe region increased by 15.6% to €2,824 million in the third quarter of 2022. That figure includes negative currency effects of €48 million; growth excluding currency effects was 17.6%. In the TDI product line, revenue per day improved by 22.3%. Per-day TDI shipment volumes decreased by 1.3%.

In the Americas region, revenue increased by 27.4% to €1,627 million. That figure includes positive currency effects of €173 million; excluding currency effects, revenue increased by 13.9%. Per-day TDI volumes were stable compared with the prior-year period, and per-day revenues were up by 21.3%.

In the Asia Pacific region, revenue improved by 20.6% to €2,597 million in the third quarter. The revenue figure includes positive currency effects of €163 million; revenue growth excluding currency effects was 13.0%. In the TDI product line, per-day revenues rose by 15.0% whilst perday volumes declined by 3.3%.

BUSINESS PERFORMANCE

Revenue in the MEA region (Middle East and Africa) increased by 24.1% to €407 million. That figure includes positive currency effects of €38 million; excluding currency effects, revenue increased by 12.5%. Per-day TDI revenue improved by 11.5%; per-day volumes were down by 15.0%.

Third-quarter EBIT above prior year

Division EBIT increased by 4.2% to reach €1,012 million in the third quarter of 2022. Return on sales decreased from 16.4% to 14.1% as revenue was driven by currency effects, amongst other factors. The prior-year quarter included a special bonus of €38 million for employees.

GLOBAL FORWARDING, FREIGHT

Key figures, Global Forwarding, Freight

€m
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Rev en ue	15 ,6 99	23 ,4 07	49 .1	5,7 12	7, 89 2	38 .2
of w hic h G lob al F ard ing orw	12 21 4 ,	19 ,54 1	60 .0	4,5 98	6,6 04	43 .6
Fre ig ht	3,5 78	3, 96 9	10 .9	1,1 45	1,3 23	15 .5
Co lida tio n/O the nso r	–9 3	–1 03	–1 0.8	–3 1	–3 5	–1 2.9
s ( IT) Pro fit fro ing tiv itie EB rat m o pe ac	90 0	1, 93 1	>1 00	37 2	58 4	57 .0
1 s ( %) Re ale tur n o n s	5.7	8.2	–	6.5	7.4	–
Op tin ash flo era g c w	38 6	2, 22 2	>1 00	95	1,1 09	>1 00

EBIT/revenue.

Revenue growth spurred by high freight rate

Revenue in the division increased significantly by 38.2% to €7,892 million in the third quarter of 2022. Excluding positive currency effects of €345 million, revenue was up by 32.1% year-on-year. In the Global Forwarding business unit, revenue was up 43.6% to €6,604 million, due primarily to the higher freight rates. Excluding positive currency effects of €364 million, the increase was 35.7%. At €1,304 million, gross profit in the Global Forwarding business unit was likewise up significantly on the prioryear figure of €882 million.

Gross profit increase in air and ocean freight

We registered a 10.9% decline in air freight volumes in the third quarter of 2022, primarily on trade routes between China and the United States, due to lower demand and a shift to ocean freight. At the same time, freight rates remained at a high level, resulting in revenue from air freight exceeding the prior-year figure by 22.6%. Gross profit improved by 54.6% due to ongoing strong demand for charter flights, amongst other factors.

In the third quarter of 2022, ocean freight volumes were up 11.9% year-on-year. Excluding the acquisition of Hillebrand, this figure was 8.9% below the prior-year level due primarily to a decline on trade routes from China. The capacity situation on the ocean freight market eased. Overall, freight rates remained at a high level even though the expected normalisation has meanwhile begun. Ocean freight revenues in the third quarter of 2022 were 67.2% over the prior-year period; excluding Hillebrand, the increase was 40.4%. Gross profit improved by 43.0% in the quarter.

GlobalForwarding: revenue

tal To	12 21 4 ,	19 54 1 ,	60 .0	4, 59 8	6, 60 4	43 .6
Oth er	1,6 15	2, 29 1	.9 41	2 57	81 6	42 .7
Oc fre ig ht ean	59 4,6	9, 02 2	93 .6	91 0 1,	93 3,1	.2 67
Air fre ig ht	5, 94 0	8, 22 8	38 .5	2,1 16	2,5 95	22 .6
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
€m

GlobalForwarding: volumes

Th ds ou san
		9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Air fre ig ht ort exp s	ton nes	1,5 35	1,4 53	–5 .3	52 4	46 7	–1 0.9
Oc fre ig ht ean	U¹ TE	2,3 40	2,5 25	7.9	78 9	88 3	11 .9

Twenty-foot equivalent units.

Revenue up in European overland transport business

In the Freight business unit, revenue rose by 15.5% to €1,323 million in the third quarter of 2022, with negative currency effects of €21 million. The volume was down by 2.5% year-on-year. Gross profit for the business unit rose by 10.2% to €325 million.

Earnings continue to improve

EBIT in the division increased from €372 million to €584 million in the third quarter of 2022, accompanied by an EBIT margin of 7.4%. In the Global Forwarding business unit, EBIT amounted to 42.1% of gross profit. The prioryear quarter included a special bonus of €14 million.

SUPPLY CHAIN

Key figures, Supply Chain

€m
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Rev en ue	10 20 9 ,	12 06 8 ,	18 .2	3,6 53	4,1 84	14 .5
of w hic h E A ( idd le E d A fric a) ME Eu e, M ast rop an	4,7 90	5,3 06	10 .8	1,6 48	1,7 85	8.3
Am eri cas	3, 93 7	5, 04 5	28 .1	1,4 94	1,7 82	19 .3
fic As ia P aci	1,5 12	1,7 70	17 .1	52 6	63 7	21 .1
Co lida tio n/O the nso r	–3 0	–5 3	–7 6.7	–1 5	–2 0	–3 3.3
fit fro s ( IT) Pro ing tiv itie EB rat m o pe ac	50 7	66 9	32 .0	14 2	22 0	54 .9
s ( %) 1 Re ale tur n o n s	5.0	5.5	–	3.9	5.3	–
Op tin ash flo era g c w	91 8	61 3	–3 3.2	53 4	38 7	–2 7.5

EBIT/revenue.

Revenue growth in all regions and sectors

Revenue in the division increased by 14.5% to €4,184 million in the third quarter of 2022. Excluding positive currency effects of €268 million, revenue was up by 7.2% year-on-year. Strong revenue growth was achieved in all regions. Similarly, all sectors exhibited double-digit growth rates, with Consumer and Automobility recording the most significant growth. Revenue growth is furthermore based on new business and contract renewals as well as eFulfillment and omnichannel solutions, amongst other things.

Supply Chain: revenue by sector and region, Q3 2022

Total revenue: €4,184 million

of w hic h R il eta	28 %
Co nsu me r	25 %
bili Au to- ty mo	15 %
chn olo Te gy	12 %
Lif alt hca e S cie s & He nce re	12 %
ufa En ine eri & M rin ctu an g ng g	6%
Oth ers	2%
of w hic h A rica me s	43 %
/Af Eu e/M idd le E rica /Co lida tio ast rop nso n	42 %
As ia P aci fic	15 %

New business worth €385 million secured

In the third quarter of 2022, the division concluded additional contracts worth €385 million in annualised revenue with both new and existing customers, which corresponds to a total contract volume of €1.8 billion. The Retail, Technology and Consumer sectors accounted for the majority of new business, which was, to a large extent, attributable to eFulfillment and omnichannel solutions. The annualised contract renewal rate remained at a consistently high level.

Profit growth in the third quarter

EBIT in the division for the third quarter of 2022 increased to €220 million (previous year: €142 million). The prioryear quarter included a special bonus of €55 million. Profit growth in the reporting period was due to strong revenue performance and productivity improvements thanks to investments in digitalisation and standardisation, amongst other things. The EBIT margin was 5.3%.

ECOMMERCE SOLUTIONS

Key figures, eCommerce Solutions

€m
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Rev en ue	4, 26 4	4,4 46	4.3	1,3 76	1,4 89	8.2
of w hic h A rica me s	1,4 62	1,5 52	6.2	47 8	52 9	10 .7
Eu rop e	2, 28 5	2,3 51	2.9	71 2	77 0	8.1
As ia	52 4	54 3	3.6	18 8	19 0	1.1
Oth er/ Co lida tio nso n	–7	0	10 0.0	–2	0	10 0.0
fit fro s ( IT) Pro ing tiv itie EB rat m o pe ac	32 4	29 8	–8 .0	91	87	–4 .4
s ( %) 1 Re ale tur n o n s	7.6	6.7	–	6.6	5.8	–
Op tin ash flo era g c w	55 5	46 9	–1 5.5	15 0	17 3	15 .3

EBIT below prior-year level

EBIT in the division was €87 million in the third quarter of 2022, thus coming in below the prior-year figure of €91 million. This was still due to slightly lower volumes in B2C business and higher costs. The prior-year quarter included a special bonus of €12 million. The EBIT margin for the third quarter of 2022 was 5.8%.

EBIT/revenue.

Revenue growth in all regions

The division generated revenue of €1,489 million in the third quarter of 2022, up 8.2% on the prior-year figure. This figure was reduced by €23 million through portfolio adjustments in Asia during the reporting period. Excluding positive currency effects of €91 million, revenue was up by 1.6% year-on-year. Following a decline in the first half of the year, performance in the third quarter thus reflected the expected normalisation of e-commerce during the year. Compared to the previous year, which was impacted by lockdowns, e-commerce volumes stabilised in 2022 at a level significantly higher than before the pandemic.

POST & PARCEL GERMANY

Key figures, Post & Parcel Germany

€m
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Rev en ue	12 ,67 4	12 ,15 6	–4 .1	3, 95 5	3, 94 8	–0 .2
of w hic h P ost Ge rm any	5,7 98	5, 83 7	0.7	1, 92 6	1, 87 1	–2 .9
l G Pa rce erm any	4, 94 5	4,5 52	–7 .9	1,4 39	1,5 02	4.4
Int ati al ern on	1, 85 6	1,7 07	–8 .0	56 4	55 6	–1 .4
Oth er/ Co lida tio nso n	75	60	–2 0.0	26	19	–2 6.9
fit fro s ( IT) Pro ing tiv itie EB rat m o pe ac	1,1 71	88 7	–2 4.3	30 0	29 0	–3 .3
1 s ( %) Re ale tur n o n s	9.2	7.3	–	7.6	7.3	–
Op tin ash flo era g c w	1,4 65	1,1 47	–2 1.7	36 0	26 7	–2 5.8

1 EBIT/revenue.

BUSINESS PERFORMANCE

Revenue in the quarter slightly below prior-year level

Division revenue in the third quarter of 2022 was €3,948 million and therefore by 0.2% slightly below the prior-year figure, due primarily to a decrease in national and international letter mail business.

Varying business unit performance

In Mail Communication, revenue and volumes fell as expected in the third quarter of 2022. This development was driven primarily by an overall declining market as well as by extraordinarily high rates of postal ballots for the federal election and the state elections in the autumn of 2021. The effects the declining volumes had on revenue could not be offset by price increases effective from 1 January 2022 either.

In Dialogue Marketing, revenue and volumes were below the prior-year quarter due to a sharp rise in paper prices as well as the overall performance of the economy.

In the third quarter of 2022, revenues in the German parcel business were up by 4.4% compared to the prioryear level in which the effects of the pandemic weakened significantly. Although consumer sentiment has continued to cool off as a result of inflation and growing uncertainty amongst consumers since the start of the war in Ukraine, parcel volumes grew by 1.8% in the reporting period in accordance with the expected e-commerce normalisation.

The import and export business showed similar trends. Lower revenues from letters and dialogue marketing shipments contrasted with an increase in parcels containing merchandise.

EBIT below prior-year level

Division EBIT in the third quarter of 2022 amounted to €290 million and thus fell 3.3% short of the prior-year period. Although revenues remained at nearly the same level as in the previous quarter, cost increases, especially due to rising inflation, could be mitigated but not fully compensated for by strict cost management. The prioryear quarter included a special bonus of €54 million as well as high election-related revenue in Mail Communication.

Post &Parcel Germany: revenue

€m
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
Po st G erm any	5,7 98	5, 83 7	0.7	1, 92 6	1, 87 1	–2 .9
of wh ich ail M Co ica tio mm un n	3, 99 5	3, 97 7	–0 .5	1,3 01	1, 27 6	–1 .9
Dia log Ma rke tin ue g	1, 28 1	1,3 42	4.8	45 7	43 4	–5 .0
Oth er/ lida Co tio n P Ge ost nso any rm	52 2	51 8	–0 .8	16 8	16 1	–4 .2
Pa l G rce erm any	4, 94 5	4,5 52	–7 .9	1,4 39	1,5 02	4.4

Post &Parcel Germany: volumes

(m illi s) Ite ms on
	9M 20 21	9M 20 22	+/– %	Q3 20 21	Q3 20 22	+/– %
st G Po erm any	10 27 4 ,	10 ,43 3	1.5	26 3,5	50 3,3	.0 –5
of wh ich ail ica tio M Co mm un n	4,6 27	4,6 17	–0 .2	1,4 97	1,4 65	–2 .1
Dia log rke tin Ma ue g	4, 93 6	5,1 36	4.1	1, 80 1	1,6 73	–7 .1
l G Pa rce erm any	1,3 30	1,1 81	–1 1.2	38 4	39 1	1.8

Changes in expected developments

The extensive discontinuation of Russian gas deliveries to Europe since the end of August and the protracted war in Ukraine have exacerbated inflation, and most central banks have aggressively tightened their monetary policies in response. This has burdened the business climate and consumer trust in Europe as well as in the United States, especially in light of the concerns in Europe with regard to the security of the energy supply in the coming winter. Whilst the economy was limited primarily by supply bottlenecks during the pandemic, which then led to catchup effects in the first half of 2022, it has increasingly suffered from a decrease in demand since mid-year due to the aforementioned factors.

Because of these opposing effects, S&P Global expects nearly unchanged global growth of 2.8% in 2022, but only 1.4% for 2023 rather than the 2.6% presented in the forecast from July. The most recent forecast is also well below the figure of 2.7% predicted by the IMF in October.

The Group's business development in the third quarter of 2022 followed the anticipated significant trends: normalisation of the B2C volumes continued, although the declines were less pronounced than in the first half of the year and positive growth rates were even recorded in some countries. By contrast, development of the B2B volumes reflect the slowing of the global economy and, within this context, is meeting an increasingly relaxed situation with regard to capacities.

The most pessimistic scenario of the three for the 2022 financial year presented in the half-year report can thus be excluded given the earnings achieved during the first nine months. The overall economic uncertainties which, recently, have tended to have a slowing effect on business development will remain throughout the rest of the year. Should this effect increase by the end of the year, earnings will nevertheless come in within the upper half of the range presented at the beginning of the year – and even above that if the course is more favourable.

In light of this, we anticipate consolidated EBIT of around €8.4 billion for the 2022 financial year. For the DHL divisions, we expect total EBIT to come to around €7.5 billion. The Post & Parcel Germany division's EBIT is projected to be around €1.35 billion. Group Functions is anticipated to contribute approximately €–0.45 billion to earnings.

We still plan to increase capital expenditure (excluding leases) to around €4.2 billion in 2022. Free cash flow (excluding acquisitions/divestments) is now projected to be more than €4.2 billion.

The impact of the war in Ukraine on our business in Russia and Ukraine, higher inflation and the weakening of the global economy each represent risks of medium significance for us at present.

Declining growth rates in parcel business are also a risk of medium relevance for us.

For the current financial year, development of margins in the Global Forwarding, Freight division result in a significant opportunity; a large part of these effects is already contained in the figures of the current reporting.

We now assess the aggregated effect of all foreign currency gains and losses as only a risk and an opportunity of low relevance for the Group.

The Group's overall opportunity and risk situation did not otherwise change significantly during the third quarter of 2022 as compared with the situation described in the 2021 Annual Report beginning on page 63. Based upon the Group's early warning system and in the estimation of its Board of Management, there were no identifiable risks for the Group in the current year which, individually or collectively, cast doubt upon the Group's ability to continue as a going concern. Nor are any such risks apparent in the foreseeable future.

INCOMESTATEMENT

1 January to 30 September

€m
	9M 20 21	9M 20 22	Q3 20 21	Q3 20 22
Rev en ue	58 ,36 9	70 ,66 0	20 03 6 ,	24 03 8 ,
Oth tin inc er op era g om e	1,4 62	1, 99 7	52 0	66 4
Ch s in inv ori d w ork rfo ed d c ita lise d ent an ge es an pe rm an ap	11 6	40 6	–7 2	22 6
ials Ma ter ex pe nse	0,4 91 –3	0,1 –4 16	0,6 92 –1	88 9 –1 3,
Sta ff c ost s	–1 7,5 37	9, 29 2 –1	85 9 –5 ,	2 –6 ,47
cia tio rtis ati d im irm los De ent pre n, a mo on an pa ses	–2 85 6 ,	06 –3 4 ,	–9 73	04 –1 6 ,
Oth tin er op era g e xp ens es	9 –3 ,33	03 9 –4 ,	86 –1 ,1	–1 ,47 4
t in e f inv d f usi the Ne est nts nte com rom me ac cou or ng eth od uit eq y m	41	–1 5	–3	–6
fit fro ing tiv itie s ( IT) Pro rat EB m o pe ac	5, 76 5	6, 53 7	1, 77 1	2, 04 1
Fin cia l in an com e	12 1	31 4	46	11 7
Fin ts an ce cos	–5 51	–6 65	78 –1	–2 42
rei lt Fo gn cu rre ncy re su	–3 1	0 –7	0 –1	–2 7
t fi Ne sts na nce co	–4 61	–4 21	–1 42	–1 52
fit for e in Pro be ta co me xe s	5, 30 4	6, 11 6	1, 62 9	1, 88 9
Inc e ta om xes	–1 ,4 86	–1 ,77 4	–4 57	–5 48
Co lid d n fit for th eri od ate et nso pro e p	81 8 3,	2 4, 34	2 1, 17	1, 34 1
rib ble De che Po st A G s ha reh old att uta to uts ers	3,5 69	4, 04 0	1, 08 7	1, 22 8
rib ble llin int att uta to tro sts no n-c on g ere	24 9	30 2	85	11 3
sha ( €) Ba sic rni ea ng s p er re	2.8 9	3.3 2	0.8 8	1.0 2
Dil d e sha ( €) ing ute arn s p er re	2.8 3	3.2 6	0.8 7	1.0 1

BALANCESHEET

€m
	c. 2 02 31 De 1	30 Se t. 2 02 2 p
AS SE TS
ible Int set an g as s	12 07 6 ,	14 ,15 0
lan nd uip Pro rty t a nt pe , p eq me	24 90 3 ,	27 85 5 ,
Inv est nt rty me pro pe	48	22
d f usi the uit eth od Inv est nts nte me ac cou or ng eq y m	11 1	10 9
fin l as No ent cia set n-c urr an s	1,1 90	1, 20 1
Oth ent set er no n-c as s urr	58 7	97 0
fer De red ta ts x a sse	1, 94 3	1,5 28
No t a ts n-c urr en sse	40 85 8 ,	45 83 5 ,
ori Inv ent es	59 3	96 9
fin cia l as Cu nt set rre an s	3, 08 8	96 4
de eiv ab les Tra rec	11 ,6 83	13 ,3 90
Oth t a ts er cur ren sse	3,5 88	3,7 40
Inc e ta ts om x a sse	23 0	30 7
Ca sh d c ash uiv ale nts an eq	3,5 31	4,1 34
fo As s h eld le set r sa	21	39
Cu nt ets rre ass	22 73 4 ,	23 54 3 ,
TO TA L A SS ET S	63 59 2 ,	69 37 8 ,

€m

31 De c. 2 02 1	30 Se t. 2 02 2 p
1,	1,
22	20
4	5
3,5	3,5
33	14
–7	63
33	5
01	18
15	04
3	7
,	,
19 03 7 ,	23 01 ,4
46	45
2	4
19	23
49	85
9	5
,	,
4,1 85	1, 84 2
13	29
7	4
1,	2,
94	05
6	4
16 ,61 4	18 08 2 ,
30	32
4	1
23	22
18	59
6	3
,	,
1,	1,
20	29
8	9
3,	3,
28	82
3	1
9,5 56	9, 94 8
38 6,1	04 7, 7
71	79
7	6
5	19
20	22
90	93
7	0
,	,
63	69
59	37
2	8
,	,

CASH FLOWSTATEMENT

1 January to 30 September

€m
	9M 20 21	9M 20 22	Q3 20 21	Q3 20 22
lida ted rof it f the d Co t p rio nso ne or pe	3, 81 8	4,3 42	1,1 72	1,3 41
Inc e ta om xes	1,4 86	1,7 74	45 7	54 8
t fi Ne sts na nce co	46 1	42 1	14 2	15 2
fit fro ing tiv itie s ( IT) Pro EB rat m o pe ac	5, 76 5	6, 53 7	1, 77 1	2, 04 1
De cia tio rtis ati d im irm los ent pre n, a mo on an pa ses	2, 85 6	3, 06 4	97 3	1, 04 6
e f f n Ne st/ inc dis al o t co net nt ets om rom pos on -cu rre ass	12	–5 7	4	6
No ash in nd n-c com e a exp ens e	–1 8	–9	17	–2
Ch in p isio an ge rov ns	–1 16	97	–3 8	73
Ch in o the d li ab ilit ies nt ets an ge r n on -cu rre ass an	–5 7	–8 2	–3 7	–3 5
Div ide nd eiv ed rec	2	6	2	1
id Inc e ta om xes pa	–8 82	29 –1 1 ,	38 –3	–4 46
sh fro ing tiv itie s b efo cha in w ork ing ita l Ne t ca rat m o pe ac re ng es ca p	2 7, 56	8, 26 5	2, 35 4	2, 68 4
Ch s in rki ita l an ge wo ng ca p
Inv ori ent es	–9 8	–3 00	31	–1 90
Re cei vab les d o the nt ets an r cu rre ass	–1 96 9 ,	–8 41	–6 57	64 7
Lia bili tie nd oth ite s a er ms	1, 88 2	75 1	92 1	32 4
ing tiv itie Ne sh fro t ca rat m o pe ac s	7, 37 7	7, 87 5	2, 64 9	3, 46 5
bsi dia rie nd oth bu sin its Su s a er ess un	3	69	0	5
lan nd uip d in ible Pro rty t a nt tan set pe , p eq me an g as s	88	76	32	27
d f the eth od d o the Inv est nts nte usi uit r in tm ent me ac cou or ng eq y m an ves s	0	4	0	4
Oth fin l as cia ent set er no n-c an s urr	32	28 6	12	76
ds fro m d l of Pro isp ent set cee osa no n-c as s urr	12 3	43 5	44	11 2

1January to 30 September

€m
	9M 20 21	9M 20 22	Q3 20 21	Q3 20 22
bsi dia nd oth bu Su rie sin its s a er ess un	0	–1 ,51 4	0	–1 33
lan nd d in ible Pro uip rty t a nt tan set pe , p eq me an g as s	–2 28 0 ,	–2 ,4 05	–8 51	–9 18
d f Inv usi the uit eth od d o the r in est nts nte tm ent me ac cou or ng eq y m an ves s	–2	0	0	0
fin Oth cia l as ent set er no n-c urr an s	–2 5	–1 4	1	–2
Ca sh id t ire ent set pa o a cqu no n-c urr as s	–2 ,3 07	–3 93 3 ,	–8 50	–1 05 3 ,
ive d Int st r ere ece	53	12 8	20	41
Cu fin cia l as nt set rre an s	–5 09	2, 27 8	–3 64	–3 93
sh d i n in sti tiv itie Ne t ca use ve ng ac s	–2 64 0 ,	–1 09 2 ,	–1 15 0 ,	–1 29 3 ,
ds fro iss of fin cia l lia bil itie Pro ent cee m ua nce no n-c urr an s	13 1	1	1	1
of fin cia l lia bili tie Re nts ent pay me no n-c urr an s	–2 ,35 5	–2 27 ,5	–5 47	89 –5
Ch in c fin cia l lia bili tie ent an ge urr an s	2	8 –6	–5 3	–8 6
Oth fin cin ctiv itie er an g a s	51	14 3	15	50
ds fro tio wit h n oll ing int Pro m t ntr sts cee ran sac ns on -co ere	0	9	0	1
Div ide nd id t sch sh ho lde o D eut e P ost AG pa are rs	–1 ,67 3	–2 20 5 ,	0	0
ide nd id t oll st h old Div ntr ing int pa o n on -co ere ers	–2 08	–3 54	–1 81	–3 25
rch of ha Pu tre ase asu ry s res	–9 14	–8 50	–6 01	–5 18
aid Int st p ere	–3 82	–4 30	–1 14	–1 43
d i n f ina nci tiv itie Ne sh t ca use ng ac s	–5 34 8 ,	–6 28 1 ,	–1 48 0 ,	–1 60 9 ,
ha e in sh d c ash uiv ale Ne t c nts ng ca an eq	–6 11	50 2	19	56 3
Eff of ch s in cha ash d c ash uiv ale ect ate nts an ge ex ng e r s o n c an eq	72	12 3	37	51
ld f Ch s in sh d c ash uiv ale iat ed wit h a he sal nts ts an ge ca an eq as soc sse or e	0	–2 2	0	27
Ca sh d c ash uiv ale beg inn ing of rtin eri od nts at an eq re po g p	4,4 82	3,5 31	3, 88 7	3,4 93
Ca sh d c ash uiv ale d o f re rtin eri od nts at an eq en po g p	94 3, 3	4, 13 4	94 3, 3	4, 13 4

Segments by division

€m

		Exp res s	Glo ba l Fo	ard ing rw , Fre ig ht	Su	ly Ch ain pp	eC	om me rce So lut ion s	Po	st & Pa l rce Ge rm any	Gro up	ion Fu nct s	Co nso	n1 lida tio		Gro up
1 J 30 Se be to tem an ua ry p r	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22
al r Ext ern eve nu e	16 98 3 ,	20 ,1 20	14 ,7 89	22 ,35 3	10 ,13 6	12 00 9 ,	4,1 68	4,3 44	12 26 1 ,	11 81 5 ,	32	19	0	0	58 36 9 ,	70 66 0 ,
al r Int ern eve nu e	37 8	44 3	91 0	1, 05 4	73	59	96	10 2	41 3	34 1	1, 28 8	1,3 29	–3 ,15 8	–3 ,3 28	0	0
tal To re ve nu e	17 ,36 1	20 ,56 3	15 ,6 99	23 ,4 07	10 20 9 ,	12 06 8 ,	4, 26 4	4,4 46	12 ,67 4	12 ,15 6	1,3 20	1,3 48	–3 ,15 8	–3 ,3 28	58 36 9 ,	70 66 0 ,
fit/ los s fr Pro tin ctiv itie om op era g a s ( IT) EB	3,1 09	3, 08 4	90 0	1, 93 1	50 7	66 9	32 4	29 8	1,1 71	88 7	–2 43	–3 31	–3	–1	5, 76 5	6, 53 7
of w e f hic h n inc inv et est nts om rom me d f usi the uit eth od nte acc ou or ng eq y m	1	2	0	0	3	5	0	0	0	0	38	–2 2	–1	0	41	–1 5
2 Se ent set gm as s	18 80 6 ,	20 ,57 5	11 ,53 6	25 14 ,6	8,3 86	10 03 ,1	2, 21 2	2,3 44	90 2 6,	10 7,4	5,6 45	29 5,7	2 –7	–7 4	53 41 5 ,	60 2 71 ,
of w hic h in ted fo tm ent ves s a cco un r usi the uit eth od ng eq y m	6	8	20	23	15	18	0	0	0	0	71	59	–1	1	11 1	10 9
2 lia bili Se ent tie gm s	5, 23 3	5,5 40	5, 01 2	5, 96 1	3,5 05	3,7 83	87 6	82 3	2,6 31	2,7 47	1,7 18	1, 82 4	–5 3	–6 4	18 92 2 ,	20 61 4 ,
2 s/l iab ilit Ne t se ent set ies gm as	13 ,57 3	15 03 5 ,	6,5 24	8,6 64	4, 88 1	6,3 20	1,3 36	1,5 21	4, 27 1	4,6 63	3, 92 7	3, 90 5	–1 9	–1 0	34 49 3 ,	40 09 8 ,
(a d) Ca ire ts a pex sse cqu	94 9	70 3	95	10 0	31 7	34 9	10 7	21 8	48 0	66 8	30 9	28 1	0	1	2, 25 7	2, 32 0
(r of- s) Ca ig ht- set pex use as	91 2	1,3 90	15 5	19 0	51 2	66 3	88	94	9	21	49 7	37 0	1	–1	2, 17 4	2, 72 7
To tal ca pex	1, 86 1	2, 09 3	25 0	29 0	82 9	1, 01 2	19 5	31 2	48 9	68 9	80 6	65 1	1	0	4, 43 1	5, 04 7
De cia tio nd isa tio ort pre n a am n	1,1 11	1, 23 8	18 0	20 6	63 9	61 7	12 8	14 6	24 4	25 7	55 4	55 9	0	1	2, 85 6	3, 02 4
Im irm los ent pa ses	0	24	0	7	0	9	0	0	0	0	0	0	0	0	0	40
To tal de cia tio rtis ati d pre n, a mo on an im irm los ent pa ses	1,1 11	26 2 1,	18 0	21 3	9 63	62 6	12 8	14 6	24 4	25 7	55 4	9 55	0	1	2, 85 6	06 3, 4
Oth ash in e (– ) a nd er no n-c com (+ ) exp en ses	34 0	31 8	10 6	12 8	16 8	20 9	2	19	20 6	21 2	2	19 8	0	0	82 4	1, 08 4
3 loy Em p ees	10 7,5 08	11 3,6 61	41 96 6 ,	46 ,31 4	16 5, 91 5	17 7,1 02	31 ,63 1	31 ,51 3	16 3,3 93	15 7,5 45	12 ,51 6	13 ,31 0	1	1	52 2, 93 0	53 9, 44 6

1 Including rounding. 2 As at 31 December 2021 and 30 September 2022. 3 Average FTEs.

€m

		Exp res s	Glo ba l Fo	ard ing rw , ig ht Fre	Su	ly Ch ain pp	eC	om me rce So lut ion s	Po	st & Pa l rce Ge rm any	Gro up	ion Fu nct s	Co nso	n1 lida tio		Gro up
Q3	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22	20 21	20 22
al r Ext ern eve nu e	5,7 79	7, 03 6	5,4 31	7,5 39	3,6 35	4,1 60	1,3 44	1,4 56	3, 83 7	3, 84 3	10	4	0	0	20 03 6 ,	24 03 8 ,
al r Int ern eve nu e	13 1	16 1	28 1	35 3	18	24	32	33	11 8	10 5	41 6	44 0	–9 96	–1 ,11 6	0	0
tal To re ve nu e	5, 91 0	7,1 97	5,7 12	7, 89 2	3,6 53	4,1 84	1,3 76	1,4 89	3, 95 5	3, 94 8	42 6	44 4	–9 96	–1 ,11 6	20 03 6 ,	24 03 8 ,
fit/ los s fr Pro tin ctiv itie om op era g a s ( IT) EB	97 1	1, 01 2	37 2	58 4	14 2	22 0	91	87	30 0	29 0	–1 04	–1 52	–1	0	1, 77 1	2, 04 1
of w e f hic h n inc inv et est nts om rom me d f usi the uit eth od nte acc ou or ng eq y m	1	0	0	0	2	2	0	0	0	0	–4	–8	–2	0	–3	–6
Ca (a ire d) ts a pex sse cqu	32 3	32 8	45	36	11 4	13 5	46	93	21 4	23 4	8 13	13 1	0	1	88 0	95 8
Ca (r ig ht- of- s) set pex use as	42 4	0 65	69	65	20 1	28 4	27	31	3	11	76	16 4	1	–1	80 1	20 1, 4
tal To ca pex	74 7	97 8	11 4	10 1	31 5	41 9	73	12 4	21 7	24 5	21 4	29 5	1	0	1, 68 1	2, 16 2
cia tio nd isa tio De ort pre n a am n	37 5	42 6	61	73	22 3	21 3	44	49	80	90	19 0	18 9	0	1	97 3	1, 04 1
los Im irm ent pa ses	0	0	0	0	0	5	0	0	0	0	0	0	0	0	0	5
tal de d To cia tio rtis ati pre n, a mo on an im irm los ent pa ses	37 5	42 6	61	73	22 3	21 8	44	49	80	90	19 0	18 9	0	1	97 3	1, 04 6
e (– ) a Oth ash in nd er no n-c com (+ ) exp en ses	87	12 3	23	64	88	46	1	8	66	72	19	86	0	–1	28 4	39 8

1 Including rounding.

Reconciliation

€m
	9M 20 21	9M 20 22
tal f re d s To inc rte nts om e o po eg me	6, 01 1	6, 86 9
Gro Fu ion nct up s	–2 43	–3 31
Re cili ati Gro /Co lida tio to con on up nso n	–3	–1
fit fro ing tiv itie s ( IT) Pro EB rat m o pe ac	5, 76 5	6, 53 7
t fi Ne sts na nce co	–4 61	–4 21
fit for e in Pro be ta co me xe s	5, 30 4	6, 11 6
Inc e ta om xes	–1 ,4 86	–1 ,77 4
Co lid d n fit for th eri od ate et nso pro e p	3, 81 8	4, 34 2

Basicearnings per share

		9M 20 21	9M 20 22
Co lida ted rof it f the rio d a ibu tab le t t p ttr nso ne or pe o che G s ha reh old De uts Po st A ers	€m	69 3,5	04 0 4,
ig hte d a be f sh din We uts tan ve rag e n um r o are s o g	ber num	1, 23 5,3 31 02 5 ,	1, 21 8, 03 6,7 59
sic rni sh Ba ea ng s p er are	€	2.8 9	3.3 2

Earnings per share Issued capital and treasury shares

Changes in issued capital and treasury shares

€m
	20 21	20 22
ita Iss d c l ue ap
Ba lan J 1 at ce an ua ry	23 9 1,	23 9 1,
lan be r/3 0 S be Ba at 31 De tem ce cem ep r	23 9 1,	23 9 1,
sh Tre asu ry are s
lan Ba J 1 at ce an ua ry	0	–1 5
of Pu rch ha tre ase asu ry s res	–2 0	–2 3
f tr Iss ue/ sal sh e o eas ury are s	5	4
Ba lan 31 De be r/3 0 S be at tem ce cem ep r	–1 5	–3 4
tal mb er/ be To at 31 D 30 Se tem ece p r	1, 22 4	1, 20 5

Dilutedearnings per share

		9M 20 21	9M 20 22
lida ted rof it f the d a ibu tab le t Co rio t p ttr nso ne or pe o
De che Po st A G s ha reh old uts ers	€m	3,5 69	4, 04 0
Plu s in th rtib le b d ter est ex pe nse on e c on ve on	€m	6	6
Les s in e ta com xes	€m	1	1
Ad jus ted lida ted rof it f the rio d a ibu tab le t t p ttr co nso ne or pe o che ha reh old De uts Po st A G s ers	€m	3,5 74	4, 04 5
ig hte d a be f sh din We uts tan ve rag e n um r o are s o g	mb nu er	1, 23 5,3 31 02 5 ,	1, 21 8, 03 6,7 59
lly dil sha Po ten tia uti ve res	mb nu er	29 ,73 6,3 55	24 06 2,6 90 ,
ig hte d a be f sh s fo r d ilut ed nin We ve rag e n um r o are ear gs	mb nu er	1, 26 5, 06 7,3 80	1, 24 2, 09 9,4 49
Dil d e ing sh ute arn s p er are	€	2.8 3	3.2 6

FINANCIALCALENDAR

2 0 23
9 M h ar c	ina ia lts f f l y 2 0 2 2 Re su o nc ea r
3 Ma y	lts f t he f irs f Re 2 0 23 t q rte su o ua r o
4 M ay	ing 2 0 23 l Ge l A Me et nn ua ne ra
9 M ay	iv i de d p D nt n ay me
1 A t ug us	irs lts f t he f ha l f o f 2 0 23 Re t su o
be 7 N ov em r	lts f t he f irs ine hs f Re 2 0 23 t n t su o m on o

Revised dates and information regarding live webcasts can be found on our Reporting hub.

CONTACTS

Deutsche Post AG Headquarters 53250 Bonn Germany

Investor Relations

+ 49 (0) 228 182-6 36 36 ir@dpdhl.com

Press Office + 49 (0) 228 182-99 44 pressestelle@dpdhl.com

PUBLICATION

Published on 8 November 2022.

The English version of the Quarterly Statement as at 30 September 2022 of Deutsche Post DHL Group constitutes a translation of the original German version. Only the German version is legally binding, insofar as this does not conflict with legal provisions in other countries.

Deutsche Post Corporate Language Services et al.

BASIS OF REPORTING

The document at hand is a quarterly statement pursuant to section 53 Börsenordnung für die Frankfurter Wertpapierbörse (BörsO FWB – exchange rules for the Frankfurt Stock Exchange), as amended on 18 November 2019. It is not an interim report as defined in International Accounting Standard (IAS) No. 34. The accounting policies applied to this quarterly statement generally derive from the same accounting policies as used in the preparation of the consolidated financial statements for the 2021 financial year, with the exception of the new pronouncements required to be applied. However, those standards had no material impact on the financial statements.

Forward-looking statements

This quarterly statement contains forward-looking statements which are not historical facts. They also include statements concerning assumptions and expectations which are based upon current plans, estimates and projections, and the information available to Deutsche Post AG at the time this statement was completed. They should not be considered to be assurances of the future performance and results contained therein. Instead, they depend on a number of factors and are subject to various risks and uncertainties (particularly those described in the "Changes in expected developments" section) and are based on assumptions that may prove to be inaccurate. It is possible that the actual performance and results may differ from the forward-looking statements made in this quarterly statement. Deutsche Post AG undertakes no obligation to update the forward-looking statements contained in this statement except as required by applicable law. If Deutsche Post AG updates one or more forward-looking statements, no assumption can be made that the statement(s) in question or other forward-looking statements will be updated regularly.