During the second quarter of 2013, Deutsche Post DHL generated further gains in revenues and earnings. Revenues produced by the Group totaled EUR 13.6 billion between April and June. The slight 0.6 percent dip compared with the same period last year was solely the result of negative exchange-rate and other inorganic effects. Adjusted for these factors, revenues in the second quarter of 2013 increased nearly 2 percent above the level reached last year. This growth was largely due to the continuing volume and revenue gains being generated by the parcel segment in Germany, the international Express business and the Supply Chain division.
The Group’s operating earnings increased 14 percent to EUR 619 million in the second quarter. The reversal of a provision in the MAIL division during the second quarter and the absence of a number of one-time effects that negatively impacted the previous year’s results contributed to this increase. During the second quarter, consolidated net profit climbed from EUR 196 million in 2012 to EUR 422 million in 2013 due in part to the one-time effects. The Group also made considerable headway in cash generation: During the second quarter of 2013, free cash flow was around EUR 350 million above the previous year’s level.