What we achieved in the first nine months of 2009:
We completed the sale of shares of Deutsche Postbank to Deutsche Bank and continued to restructure our business, especially in the United States. Our cost cutting programme remained highly successful – and we are now seeing improved profits as a result. We were thus able to soften the impact of the recession on our business. Together with our social partner, we agreed cost savings for the MAIL Division of around €140 million in 2010 and around €230 million in 2011.
What we intend to achieve by the end of 2009:
We have accelerated the Group-wide cost-cutting drive, and we expect to reach our savings goal of €1 billion in indirect costs as early as the end of 2009. Even in light of further risk from customer insolvencies, Deutsche Post DHL is raising its forecast for full-year EBIT before non-recurring items from €1.2 billion to at least €1.35 billion. We continue to expect that net profit will be positive for the full year.
The online version of the interim report is not condensed. Its content is identical to the certified print version.