Board of Management

Group financial review

At 31 December 2005
GROUP FINANCIAL REVIEW 2005 2004 1
  US$ € €
Segmental operating revenues 2
     Mail 4,718 3,984 3,892
     Express 6,317 5,334 4,923
     Freight management 934 789 279
     Non-allocated and intercompany (2) (2) 12
Total operating revenues 3 11,967 10,105 9,106
Depreciation, amortisation and impairments 379 320 303
Total operating income 1,372 1,159 1,116
     as % of total operating revenues 11.5 11.5 12.3
Profit/(loss) from discontinued operations (131) (111) 31
Profit attributable to the shareholders 780 659 752
Capital expenditure on property, plant and equipment 276 233 225

(in € millions, except percentages) (table copied from our 2005 annual report and form 20F)

  1. Comparative figures have been adjusted to reflect the transfer of Innight services from our discontinued Logistics business to Express in 2005.
  2. For Net sales by geograhpic area see note 33 to our consolidated financial statements.
  3. Includes net sales and other operating revenues, See note 16 and 17 to our consolidated financial statements.

In 2005, we had total operating revenues of €10,105 million. Our Mail division accounted for 39.4% of our group operating revenues and 67.0% of our group operating income. Our Express division consists of two segments: Express and Freight Management. The Express business accounted for 52.8% of our group operating revenues and 40.9% of our group operating income and the Freight Management business accounted for 7.8% of our group operating revenues and 0.9% of our group operating income.

At 31 December 2005
Operating revenues by segment 2005 variance
%		 2004 1
  US$ € €
     Mail 4,718 3,984 2.4 3,892
     Express 6,317 5,334 8.3 4,923
     Freight management 934 789 182.8 279
     Non-allocated and intercompany (2) (2) (116.7) 12
Total operating revenues 3 11,967 10.105 11.0 9,106

(in millions, except percentages) (table copied from our 2005 annual report and form 20F)

  1. Comparative figures have been adjusted to reflect the transfer of Innight services from our discontinued Logistics business to Express in 2005.
At 31 December 2005
Operating income by segment 2005 variance
%		 2004 1
  US$ € €
     Mail 920 777 (3.6) 806
     Express 561 474 26.4 375
     Freight management 13 11   6
     Non-allocated (122) (103) (45.1) (71)
Total operating income 1,372 1,159 3.9 1,116

(in millions, except percentages) (table copied from our 2005 annual report and form 20F)

  1. Comparative figures have been adjusted to reflect the transfer of Innight services from our discontinued Logistics business to Express in 2005.

 

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