In the LOGISTICS Division, the prior-year figures were restated because we transferred our European overland transport business from the EXPRESS Division to the LOGISTICS Division under the name DHL Freight on 1 July 2006.
The growth, performance and integration of our logistics business developed favourably in 2007. Revenue increased by 5.5% to €25,739 million (previous year: €24,405 million). The total was impaired by negative currency effects of €605 million. Inorganic influences, including the disposal of Vfw AG, reduced revenue by a further €270 million. Organic revenue growth came to 9.1% as a result, amongst others, of the ten-year deal with the NHS in the UK.
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Gross profit by business unit, 2007
€m 
1) A different definition of gross profit applies to DHL Exel Supply Chain. |
EBIT by business unit, 2007
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Good performance improves earnings
Profit from operating activities (EBIT) was €957 million in the reporting period (previous year: €751 million). The 27.4% increase was influenced by the sale of Vfw AG in the first quarter as well as real estate disposals in the last quarter. Allowing for these effects and negative currency effects, our performance here was very positive. Return on sales rose from 3.1% to 3.7%.
The integration of Exel and DHL was successfully completed by the end of the year 2007, delivering synergies in line with expectations.
