Deutsche Post DHL Group has increased revenues and met its targets for EBIT and cash flow in 2014. Compared to last year, revenues rose by 3.1 percent to EUR 56.6 billion (2013: EUR 54.9 billion) with all four of the company's operating divisions contributing to this improvement.
Organically, Group revenues climbed by 4.2 percent in 2014, supported by steady volume and revenue gains in the international express and German parcel businesses in particular. These improvements are the result of the company's outstanding market position in the world's growth segments - namely E-Commerce and emerging markets - and its strong operational performance, which have enabled margin improvements that led to an EBIT increase of 3.5 percent, or EUR 100 million, to EUR 2.97 billion in 2014 (2013: EUR 2.87 billion).
Operating earnings therefore finished the full year 2014 within the targeted corridor of between EUR 2.9 billion and EUR 3.1 billion. Post - eCommerce - Parcel (PeP) contributed EUR 1.3 billion as projected and the DHL divisions EUR 2.02 billion.
"Despite a still challenging environment we delivered a solid performance in 2014, by building on our strong market position in E-Commerce and emerging markets," said Frank Appel, the CEO of Deutsche Post DHL Group. "In 2014 we were able to further successfully execute Strategy 2015 despite the lack of significant tailwind from the global economy. This year we begin executing Strategy 2020 in each of our divisions. While we remain on our growth path in 2015, we will focus on the opportunities and challenges we face in order to further strengthen our competitiveness for the successful future of our Group."
Source: Deutsche Post DHL