Deutsche Post DHL - Interim Report January to June 2009

What we achieved in the first half of 2009:

We completed the sale of shares of Deutsche Postbank to Deutsche Bank and continued to restructure our express business. We succeeded in cushioning the effects of the global economic crisis through our comprehensive cost-cutting programme and stabilised earnings in the second quarter. Despite sharp volume declines, we stood our ground thanks to bustling new business. We also started to implement our Strategy 2015 across the Group.

What we intend to achieve by the end of 2009:

We have accelerated the Group-wide cost-cutting drive and are confident that we will reach our savings goal of €1 billion in indirect costs as early as in the second quarter of 2010. Based on a conservative forecast scenario, we expect underlying Group EBIT to reach €1.2 billion for 2009. The positive effects from the Postbank transaction should lead to a return to a positive net profit for the full year.