The SERVICES segment includes Global Business Services, the Corporate Center and Deutsche Post’s retail outlets. In addition, this segment also includes the non-operating income and expenses of Deutsche Post AG. We report the services provided by internal service providers as internal revenue.

In the first quarter of 2007, revenue fell slightly by 0.5% to €557 million (previous year: €560 million).

At €134 million, the loss from operating activities (EBIT) widened by 42.6% as against the prior-year figure (loss of €94 million). The deterioration is due to non-recurring effects: €89 million in income in the first quarter of 2006 from the positive outcome of arbitration proceedings against Deutsche Telekom. In addition, the SERVICES Division benefited in 2006 from the disposal of Berlin-based McPaper AG (€10 million). During the same period Global Business Services was able to clearly improve its earnings, due to cost reductions in the cross-divisional services, particularly IT.