EXPRESS

Revenue and shipment volumes up

Revenue in the EXPRESS division improved by 9.0% to €2,620 million (previous year: €2,403 million) in the first three months of 2010 on account of the ongoing recovery of the global economy. This result included exchange rate gains of €32 million. Revenue was up 8.2% when measured in local currencies and adjusted for the acquisition of Shanghai Quanyi Express Co. Ltd. for our domestic business as well as the sale of our day-definite domestic business in the UK. This can be attributed mainly to a sharp year-on-year rise of 6.0% in per-day volumes in our Time Definite International (TDI) product line as well as higher fuel surcharge revenues. Per-unit weight in the TDI product line showed a significant increase of 12.4% on the prior year, a further indication that international business activities are recovering.

EXPRESS: revenue by product
€m per day
	Q1 2009	Q1 2010	+/– %
Time Definite International	21.8	23.9	9.6
Time Definite Domestic	4.3	4.5	4.7
Day Definite Domestic	6.4	5.6	–12.5

EXPRESS: volumes by product
thousands of items per day
	Q1 2009	Q1 2010	+/– %
Time Definite International	449	476	6.0
Time Definite Domestic	559	629	12.5
Day Definite Domestic	768	657	–14.5

Europe region slowly recovers from the economic crisis

Revenue in the Europe region dropped slightly by 1.4% to €1,277 million in the reporting period (previous year: €1,295 million). This figure included exchange rate gains of €21 million, which were recorded primarily in our central Europe, UK and Scandinavia business. Adjusted for these effects as well as the sale of our day-definite domestic business in the UK on 1 March 2010, revenue in the region was 1.2% below the previous year.