Economic Position

Overall assessment by the Board of Management

As a globally operating logistics provider, Deutsche Post DHL benefited from the recovery in the global economy in financial year 2010, recording impressive volume and revenue increases. The savings generated in the previous year improved profitability in almost all divisions, coupled in some cases with significantly higher margins. As a result, overall earnings increased to €1.8 billion. Operating cash flow also saw a significant year-on-year improvement to €1.9 billion. Our financial position remains very stable due to available net liquidity of €1.4 billion. Our successful business performance allows us to propose the payment of a dividend per share of €0.65 for the year under review to our shareholders at the Annual General Meeting on 25 May 2011.