Business development in the first quarter of 2007 led to a profit from operating activities (EBIT) of €998 million including the above-mentioned non-recurring income of €59 million. This represented an improvement of 8.7% on the previous year (€918 million), which also included the non-recurring income of €99 million mentioned above.
Rising interest rates increased net finance costs slightly from €248 million to €262 million.
The profit before income taxes improved by €66 million to €736 million (previous year: €670 million). The income tax expense for the reporting period amounted to €147 million (previous year: €134 million). The tax rate remained unchanged at 20%.
Overall, consolidated net profit for the period improved considerably by 9.9% to €589 million (previous year: €536 million). €499 million of this was attributable to Deutsche Post AG shareholders and €90 million to minorities. Their proportion increased as a result of the disposal of Postbank shares in 2006. Basic earnings per share were €0.41 (previous year: €0.40); diluted earnings per share were also €0.41.