Profit from operating activities (EBIT) from continuing operations rose by €1,604 million to €1,835 million from the previous year’s figure of €231 million. Profit in the previous year was affected by non-recurring expenses of €1,242 million; restructuring activities in the reporting period led to one-time expenses of €370 million. Adjusted for these items, EBIT rose by €732 million, from €1,473 million to €2,205 million.
Net financial income rose significantly, from €45 million to €989 million. Since January 2010, this figure has for the first time included the measurement of the forward from the second tranche of the planned Postbank sale in the amount of €1,653 million.
Profit before income taxes rose by €2,548 million to €2,824 million. Income taxes of €194 million were incurred (previous year: €15 million). The measurement of the derivatives from the planned Postbank sale had no effect on tax. Overall, profit from continuing operations improved significantly by €2,369 million to €2,630 million in the reporting period (previous year: €261 million).
Since Postbank was deconsolidated at the end of February 2009, the previous year’s profit from discontinued operations contains the net loss generated in the first two months and the deconsolidation effect of €444 million. In the reporting period, the Group’s share of Postbank’s profit or loss is contained in net income from associates.
Consolidated net profit for the period rose from €693 million to €2,630 million. €2,541 million of this amount is attributable to shareholders of Deutsche Post AG and €89 million to non-controlling interest holders. Both basic and diluted earnings per share rose significantly from €0.53 to €2.10.