Outlook

Overall assessment of expected performance

Our strong position as market leader in the German mail and parcel business and in nearly all of our logistics activities is the best possible basis for our further growth. We expect consolidated EBIT for full-year 2012 to reach between €2.5 billion and €2.6 billion, assuming that the world economy will grow by 3% to 3.5% and world trade will exceed that growth. The MAIL division is likely to contribute between €1.0 billion and €1.1 billion to consolidated EBIT. Compared with the previous year, we expect an additional improvement in overall earnings to approximately €1.9 billion in the DHL divisions. At around €–0.4 billion, the Corporate Center/Other result should be on a par with the previous year. Consolidated net profit before effects from the Postbank transaction is expected to continue to improve in 2012 in line with our operating business.