EXPRESS

Revenue and shipment volumes up

In the first half of 2010, the division’s revenue increased by 14.1% to €5,488 million (previous year: €4,810 million). The continuing recovery of the global economy contributed to the improvement. Revenue was also positively impacted by exchange rate gains totalling €231 million. The increase in revenue was 10.8% when measured in local currencies and adjusted for the acquisition of Shanghai Quanyi Express Co. Ltd. for our domestic Chinese business as well as the sale of our day-definite domestic business in the UK. 

This organic growth can be attributed mainly to a sharp year-on-year rise of 5.7% in per-day shipment volumes in our Time Definite International (TDI) product line as well as higher fuel surcharge revenues. Weight per shipment in the TDI product line showed a significant increase of 13.9% on the prior year, a further indication of the sustained recovery of our international business activities. 

The upward business trend of the first quarter continued steadily in the second quarter with daily shipment volumes rising by 5.5% in the TDI product line. The decline in the Day Definite Domestic product line was primarily attributable to the sale of our day-definite domestic business in the UK. 

EXPRESS: revenue by product
€m per day
	H1 2009	H1 2010	+/– %	Q2 2009	Q2 2010	+/– %
Time Definite International	22.1	24.7	11.8	22.4	25.6	14.3
Time Definite Domestic	4.2	4.5	7.1	4.2	4.6	9.5
Day Definite Domestic	6.3	5.3	–15.9	6.3	4.9	–22.2

EXPRESS: volumes by product
thousands of items per day
	H1 2009	H1 2010	+/– %	Q2 2009	Q2 2010	+/– %
Time Definite International	460	486	5.7	470	496	5.5
Time Definite Domestic	564	635	12.6	569	641	12.7
Day Definite Domestic	769	565	–26.5	770	472	−38.7

International business in the Europe region recovers

Revenue in the Europe region dropped slightly by 2.0% to €2,537 million in the first half of 2010 (previous year: €2,589 million). This figure includes exchange rate gains of €44 million, which were recorded primarily in our central Europe, UK and Scandinavia business. Adjusted for these effects as well as the March 2010 sale of our day-definite domestic business in the UK, organic revenue remained at the previous year’s level, thereby retaining our market position. Boosted by the global economic recovery, daily shipment volumes in our international TDI product line increased by 4.5% despite the highly competitive environment. This strong growth compared with the previous year has fortified our leading market position in this product line.