Based on the half-year result and assuming that the global economy will not significantly worsen, the Group is maintaining its full-year guidance for 2008 and expects EBIT before non-recurring effects of around €4.1 billion. We anticipate a pre-tax profit of around €3.1 billion.
The divisional profit forecast has been adjusted. It now takes into account the new FORWARDING/FREIGHT and SUPPLY CHAIN/CIS divisions and their composition. The forecast also contains minor adjustments regarding future business prospects.
Even without the CIS business the MAIL Division is expected to record EBIT before non-recurring effects of around €1.95 billion. The EXPRESS Division should see around €0.4 billion EBIT before non-recurring effects. FORWARDING/FREIGHT is expected to see around €0.5 billion of EBIT before non-recurring effects; SUPPLY CHAIN/CIS is expected to contribute the same amount. The FINANCIAL SERVICES Division is still expected to record EBIT before non-recurring effects of around €1.2 billion. The result of the Corporate Center/Other unit is now expected to come in at €–0.5 billion. Our guidance for 2009 remains unchanged at EBIT before non-recurring effects of around €4.7 billion.
|
Profit forecast before non-recurring effects |
| |||
|---|---|---|---|---|
|
€bn |
2008 |
2009 | ||
|
Profit from operating activities (EBIT) |
|
| ||
|
|
≈ 1.95 |
1.7 to 1.9 | ||
|
EXPRESS |
≈ 0.4 |
0.75 to 0.95 | ||
|
FORWARDING/FREIGHT |
≈ 0.5 |
0.55 to 0.6 | ||
|
SUPPLY CHAIN/CIS |
≈ 0.5 |
0.5 to 0.55 | ||
|
FINANCIAL SERVICES |
≈ 1.2 |
min. 1.3 | ||
|
Corporate Center/Other |
≈ –0.5 |
≈ –0.45 | ||
|
Group |
≈ 4.1 |
≈ 4.7 | ||
|
Earnings before taxes (EBT) |
≈ 3.1 |
≈ 3.8 | ||
|
Earnings per share (€) |
1.65 to 1.69 |
2.05 to 2.15 | ||
|
Based on number of shares (millions) |
1,209 |
1,211 | ||
