Deutsche Post World Net announced strong growth in underlying EBIT of around 18% despite someevidence of market growth slowing in Air Freight Forwarding and Express sectors in the second
quarter.DPWN stated in the preview on half-year results, which will be published at the end of July,that all divisions met or exceeded last year’s second-quarter results on an underlying basis.Revenue growth has been increased by higher fuel costs that were recovered from customers. At thesame time, foreign exchange effects continued to reduce growth compared with the year-earlierperiod.
The revenue increase before foreign exchange effects was approximately 9% in the secondquarter and reported revenue increased by about 4%. Based on the first-half results and assuming nosignificant worsening of the global economy, the Group is maintaining its full-year guidance for2008 and expects underlying EBIT of €4.1 billion.
While the US air express market continues to soften, measures to restructure DHL Express USare on track and negotiations with UPS are making satisfactory progress. An update on this matterwill be issued after the conclusion of negotiations with UPS.
