2006

 What we achieved:

The Group improved its operating performance, increasing revenue by 35.8% to €60.5 billion and earnings by 2.9% to €3.87 billion, largely thanks to the successful integration of Exel into its logistics business and of BHW into the Postbank Group. We have combined all freight forwarding activities by air, sea and, in Europe, also over land in the LOGISTICS Division, focused the EXPRESS Division increasingly on the growing international business, and placed each segment under a central management.

 What we plan to achieve in 2007:

At the start of 2007, the First Choice program was launched throughout the Group. Our aim is to establish customer focus within our company in such a way that it generates profitable organic growth. In the mail business, we plan to gain a foothold in important markets around the globe, relying increasingly on value-added services. The integration of Exel is to be completed as successfully as it has begun.

Key figures for the Group
				2005 restated		2006		+/– %
Revenue		€m		44,594		60,545		35.8
of which generated abroad		€m		22,150		35,716		61.2
Profit from operating activities (EBIT)		€m		3,764		3,872		2.9
Consolidated net profit1)		€m		2,235		1,916		–14.3
Operating cash flow (Postbank at equity)		€m		1,715		2,178		27.0
Net debt (Postbank at equity)		€m		4,193		3,0832)		–26.5
Earnings per Share		€		1.99		1.60		–19.6
Dividend per share		€		0.70		0.753)		7.1
Number of employees		headcount		502,545		520,112		3.5

1)	Consolidated net profit excluding minorities.
2)	Adjusted for financial liabilities to Williams Lea minority shareholders.
3)	To be proposed to the AGM.