Profit or loss from discontinued operations drops due to financial market crisis

Discontinued operations generated a net loss of €713 million, down 183.1% on the prior-year figure of a net profit of €858 million. Adjusted for tax income of €150 million, net finance costs of €73 million and income from the reversal of negative goodwill arising from the increase in our share in Postbank in the amount of €81 million, EBIT from discontinued operations came to € –871 million. The decline is largely the result of one-time factors arising from the intensifying international financial market crisis, as described in the Notes.

Consolidated net profit declines significantly

Combining profit or loss from continuing and discontinued operations results in a consolidated net loss of €1,979 million, or €3,852 million less than in 2007. Of this figure, € –1,688 million is attributable to Deutsche Post shareholders – a decrease of €3,071 million – whilst minority interests fell from €490 million to
€ –291 million. This significant decline was primarily the result of Deutsche Post’s share in Postbank losses. Basic and diluted earnings per share fell from €1.15 to € –1.40. Earnings per share from continuing operations fell from €0.79 in the prior year to € –1.10, and earnings per share from discontinued operations dropped from €0.36 to € –0.30.

Dividend of €0.60 per share proposed

A proposal will be made for the payment of a dividend per share of €0.60 (previous year: €0.90) at the Annual General Meeting on 21 April 2009. The total dividend will amount to €725 million. Based on the year-end closing price of Deutsche Post shares, the net dividend yield is 5.0%. The dividend will be distributed on 22 April 2009 and is tax-free for shareholders resident in Germany.

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