11 Revenue

 
€m
  2008 2009
Revenue 54,474 46,201

As in the prior-year period, there was no revenue in financial year 2009 that was generated on the basis of barter transactions. Revenue was down year-on-year in all areas. This was due to the global recession and to our exit from the domestic US express business and exchange rate losses.

The further classification of revenue by division and the allocation of revenue to geographical regions are presented in the  segment reporting.

 

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