Deutsche Post : Statbook Q1 2023

Title

IR Contact
Martin Ziegenbalg (Head of IR)	[e-mail]	[phone]
Simone Krebs	[e-mail]	[phone]
Robert Schneider	[e-mail]	[phone]
Sebastian Slania	[e-mail]	[phone]
Agnes Putri	[e-mail]	[phone]
Sebastian Horn	[e-mail]	[phone]

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

IR Statbook Q1 2023

http://www.dp-dhl.com/en/investors/service/kontakt.html

Group overview

Group key figures Deutsche Post DHL Group expressed in € 000,000s*
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
DHL Express	6,373	6,993	7,197	7,029	27,592	6,281	(1.4%)
DHL Global Forwarding, Freight	7,359	8,156	7,892	6,805	30,212	5,484	(25.5%)
DHL Supply Chain	3,815	4,069	4,184	4,363	16,431	4,107	7.7%
DHL eCommerce Solutions	1,445	1,512	1,489	1,696	6,142	1,505	4.2%
P&P Germany	4,245	3,963	3,948	4,623	16,779	4,198	(1.1%)
Group Functions	441	463	444	533	1,881	503	14.1%
Consolidation	(1,085)	(1,127)	(1,116)	(1,273)	(4,601)	(1,160)	(6.9%)
Group Revenues	22,593	24,029	24,038	23,776	94,436	20,918	(7.4%)
DHL Express	971	1,101	1,012	941	4,025	903	(7.0%)
DHL Global Forwarding, Freight	601	735	573	402	2,311	389	(35.3%)
DHL Supply Chain	205	244	219	225	893	227	10.7%
DHL eCommerce Solutions	102	109	87	91	389	81	(20.6%)
P&P Germany	355	242	290	384	1,271	138	(61.1%)
Group Functions / Consolidation	(75)	(105)	(152)	(121)	(453)	(100)	(33.3%)
Group EBIT	2,159	2,326	2,029	1,922	8,436	1,638	(24.1%)
EBIT margin	9.6%	9.7%	8.4%	8.1%	8.9%	7.8%
Operating Cash Flow	2,426	1,984	3,465	3,090	10,965	2,395	(1.3%)
Capex owned assets	564	798	958	1,803	4,123	569	0.9%
Depreciation owned assets	(488)	(490)	(516)	(541)	(2,035)	(521)	(6.8%)
Capex/depreciation	116%	163%	186%	333%	203%	109%
Free Cash Flow	(197)	665	1,817	782	3,067	983	599.0%
ROCE	17.9%
Net Debt/EBITDA	1.3x
*2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

IR Statbook Q2 2014 Released on August 5&Xth&X, 2014 Deutsche Post DHL Investor Relations &P

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

Revenue growth

Revenue growth Deutsche Post DHL Group
Organic growth yoy (excl. FX and excl. inorganic)	Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023
DHL Express	12.5%	11.7%	14.9%	0.9%	9.6%	0.4%
DHL Global Forwarding, Freight	51.2%	39.7%	21.7%	(12.7%)	21.2%	(28.6%)
DHL Supply Chain	13.3%	15.7%	6.1%	12.7%	11.8%	5.7%
DHL eCommerce Solutions	(4.0%)	(0.1%)	1.6%	(1.2%)	(1.0%)	4.4%
P&P Germany	(6.8%)	(4.8%)	(0.2%)	(3.1%)	(3.8%)	(1.1%)
Group Functions / Consolidation	0.3%	(4.1%)	(15.3%)	(4.8%)	(5.7%)	(2.3%)
Group Revenues	16.9%	15.7%	11.3%	(2.5%)	9.7%	(8.2%)
Absolute FX effect in revenue	Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023
DHL Express	188	343	404	109	1,044	(118)
DHL Global Forwarding, Freight	172	315	345	64	896	(112)
DHL Supply Chain	142	234	268	136	780	(24)
DHL eCommerce Solutions	49	80	91	52	272	(3)
P&P Germany	1	--	--	(1)	--	(1)
Group Functions / Consolidation	(5)	(11)	(15)	(4)	(35)	2
Total FX in revenue	547	961	1,093	356	2,957	(256)

IR Statbook Q2 2014 Released on August 5&Xth&X, 2014 Deutsche Post DHL Investor Relations &P

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

P&L

Income statement for Deutsche Post DHL Group expressed in € 000,000s*
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Revenue	22,593	24,029	24,038	23,776	94,436	20,918	(7.4%)
Other operating income	563	770	664	928	2,925	601	6.7%
Changes in inventories and work performed and capitalised	28	152	226	105	511	114	307.1%
Purchased goods and services	(12,484)	(13,743)	(13,889)	(13,357)	(53,473)	(10,894)	12.7%
Staff costs	(6,320)	(6,500)	(6,472)	(6,743)	(26,035)	(6,736)	(6.6%)
Other operating expenses	(1,210)	(1,356)	(1,475)	(1,671)	(5,712)	(1,294)	(6.9%)
Net income from investments (equity method)	(2)	(7)	(6)	(24)	(39)	--	100.0%
EBITDA	3,168	3,345	3,086	3,014	12,613	2,709	(14.5%)
Depreciation, amortization and impairment loss	(1,009)	(1,019)	(1,057)	(1,092)	(4,177)	(1,071)	(6.1%)
Profit from operating activities (EBIT)	2,159	2,326	2,029	1,922	8,436	1,638	(24.1%)
EBIT margin (in%)	9.6%	9.7%	8.4%	8.1%	8.9%	7.8%
Net finance costs	(123)	(146)	(152)	(104)	(525)	(225)	(82.9%)
Profit before income taxes (EBT)	2,036	2,180	1,877	1,818	7,911	1,413	(30.6%)
Income taxes	(590)	(633)	(544)	(427)	(2,194)	(424)	28.1%
Tax rate (in %)	29.0%	29.0%	29.0%	23.5%	27.7%	30.0%
Consolidated net profit for the period	1,446	1,547	1,333	1,391	5,717	989	(31.6%)
Non controlling interest	(95)	(94)	(113)	(56)	(358)	(78)	17.9%
Net profit attributable to DPAG shareholders	1,351	1,453	1,220	1,335	5,359	911	(32.6%)
Basic EPS	1.10	1.19	1.01	1.11	4.41	0.76	(30.9%)
Number of shares (in m)	1,223	1,222	1,218	1,214	1,214	1,194
# Employees (Full Time Equivalent)	538,612	538,335	541,390	553,332	542,917	548,368	1.8%
*2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

IR Statbook Q2 2014 Released on August 5&Xth&X, 2014 Deutsche Post DHL Investor Relations &P

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

CF Statement

Cash Flow Statement for Deutsche Post DHL Group expressed in € 000,000s*
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
EBIT	2,159	2,326	2,029	1,922	8,436	1,638	(24.1%)
Depreciation/amortization	1,009	1,019	1,057	1,092	4,177	1,071	6.1%
Change in provisions	(3)	27	73	(19)	78	(53)	(1666.7%)
Income taxes paid	(388)	(457)	(446)	(491)	(1,782)	(389)	(0.3%)
Other	(17)	(95)	(30)	(17)	(159)	(26)	(52.9%)
Operating cash flow before changes in WC	2,760	2,820	2,683	2,487	10,750	2,241	(18.8%)
Changes in Working Capital	(334)	(836)	782	603	215	154	146.1%
Operating cash flow after changes in WC	2,426	1,984	3,465	3,090	10,965	2,395	(1.3%)
Net capex 1)	(713)	(725)	(891)	(1,471)	(3,800)	(777)	(9.0%)
Net Cash for Leases 2)	(580)	(610)	(642)	(703)	(2,535)	(654)	(12.8%)
Net M&A 3)	(1,334)	17	(124)	(99)	(1,540)	(3)	99.8%
Net interest 4)	4	(1)	9	(35)	(23)	22	450.0%
Free Cash Flow	(197)	665	1,817	782	3,067	983	599.0%
1) Cash paid to acquire PPE and intangible assets + Proceeds from disposal of PPE and intangible assets
2) Repayments of non-current financial liabilities and interest expense on leases
3) Cash paid to acquire subsidiaries and other business units + Proceeds from disposal of subsidiaries and other business units
4) Interest paid + Interest received (excludes interest cost on leases)
*2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

IR Statbook Q2 2014 Released on August 5&Xth&X, 2014 Deutsche Post DHL Investor Relations &P

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

Balance Sheet

Balance sheet for Deutsche Post DHL Group expressed in € 000,000s*
Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023
Intangible assets	13,945	14,081	14,337	14,096	14,034
PPE	25,513	26,338	27,876	28,688	28,396
Investment property	23	22	22	22	22
Investments accounted for using the equity method	112	115	110	76	74
Noncurrent financial assets	1,268	1,145	1,201	1,216	1,159
Other non-current assets	729	847	970	581	542
Deferred tax assets	1,644	1,430	1,528	1,440	1,328
Noncurrent assets	43,234	43,978	46,044	46,119	45,555
Inventories	646	765	969	927	979
Current financial assets	2,100	471	964	1,355	593
Trade receivables	12,611	13,411	13,390	12,253	11,282
Other current assets	4,045	4,044	3,740	3,551	3,661
Income tax assets	236	259	307	283	328
Cash and cash equivalents	4,310	3,493	4,134	3,790	4,955
Assets held for sale	15	110	39	--	--
Current assets	23,963	22,553	23,543	22,159	21,798
Total assets	67,197	66,531	69,587	68,278	67,353
Issued capital	1,222	1,218	1,205	1,199	1,191
Capital reserves	3,617	3,522	3,514	3,543	3,617
Other reserves	(482)	58	683	(518)	(755)
Retained earnings	16,938	17,058	18,031	19,012	19,667
Equity attributable to DPAG shareholders	21,295	21,856	23,433	23,236	23,720
Non controlling interests	558	652	454	467	522
Equity	21,853	22,508	23,887	23,703	24,242
Provisions for pensions and similar obligations	3,540	2,019	1,845	1,936	2,025
Deferred tax liabilities	278	307	469	336	327
Other non-current provisions	1,967	1,980	2,054	1,901	1,812
Non-current financial liabilities	17,318	17,339	18,082	17,659	17,432
Other non-current liabilities	342	339	321	321	312
Non-current provisions and liabilities	23,445	21,984	22,771	22,153	21,908
Current provisions	1,236	1,200	1,299	1,159	1,271
Current financial liabilities	3,454	3,622	3,821	4,159	3,816
Trade payables	9,507	9,828	9,948	9,933	8,464
Other current liabilities	6,974	6,594	7,046	6,512	6,994
Income tax liabilities	721	712	796	659	658
Liabilities associated with assets held for sale	7	83	19	--	--
Current provisions and liabilities	21,899	22,039	22,929	22,422	21,203
Total equity and liabilities	67,197	66,531	69,587	68,278	67,353
EBIT	8,436
Capital employed (total assets - current liabilities)	47,015
ROCE	17.9%
Equity ratio	34.7%
Net gearing	40.1%
Net debt/EBITDA	1.3x
*2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

IR Statbook Q2 2014 Released on August 5&Xth&X, 2014 Deutsche Post DHL Investor Relations &P

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

DHL Express

DHL Express division expressed in € 000,000s
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Europe	2,652	2,817	2,824	2,994	11,287	2,816	6.2%
Americas	1,398	1,561	1,627	1,563	6,149	1,472	5.3%
Asia Pacific	2,305	2,531	2,597	2,475	9,908	2,153	(6.6%)
MEA	362	400	407	400	1,569	379	4.7%
Consolidation/other	(344)	(316)	(258)	(403)	(1,321)	(539)	(56.7%)
Total revenues	6,373	6,993	7,197	7,029	27,592	6,281	(1.4%)
Purchased goods and services	(3,278)	(3,765)	(3,918)	(3,834)	(14,795)	(3,189)	2.7%
Staff costs	(1,409)	(1,486)	(1,500)	(1,491)	(5,886)	(1,472)	(4.5%)
Net other operating	(293)	(229)	(341)	(336)	(1,199)	(292)	0.3%
Net income from investments (equity method)	1	1	--	1	3	--	(100.0%)
EBITDA	1,394	1,514	1,438	1,369	5,715	1,328	(4.7%)
Depreciation	(423)	(413)	(426)	(428)	(1,690)	(425)	(0.5%)
EBIT	971	1,101	1,012	941	4,025	903	(7.0%)
Margin in %	15.2%	15.7%	14.1%	13.4%	14.6%	14.4%
Operating cash flow after changes in WC	1,609	982	1,785	1,173	5,549	1,223	(24.0%)
Capex owned assets	148	227	328	825	1,528	182	23.0%
Depreciation owned assets	(228)	(219)	(227)	(232)	(906)	(227)	0.4%
Capex/depreciation	65%	104%	144%	356%	169%	80%
# Employees (Full Time Equivalent)	113,508	113,840	113,634	113,959	113,735	113,172	(0.3%)
Volume and revenue per day
TDI Shipments per day (in 000 items)	1,123	1,166	1,096	1,191	1,144	1,063	(5.3%)
TDI Revenue per day (in m€)	80.6	88.4	85.8	88.4	85.8	80.9	0.4%
TDD Shipments per day (in 000 items)	579	563	513	564	554	512	(11.6%)
TDD Revenue per day (in m€)	6.5	6.6	6.1	6.6	6.4	6.3	(3.1%)
TDI volume growth per region
Europe	26.4%	23.6%	4.6%	0.3%	12.4%	(4.9%)
Americas	33.3%	36.7%	8.6%	5.3%	18.8%	(0.1%)
Asia Pacific	25.3%	9.8%	(3.2%)	(2.1%)	6.2%	(8.8%)
MEA	22.3%	19.0%	(17.4%)	(15.7%)	(1.0%)	(7.4%)

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

DGFF

DHL Global Forwarding, Freight division expressed in € 000,000s*
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Air Freight	2,856	2,777	2,595	2,200	10,428	1,725	(39.6%)
Ocean Freight	2,599	3,230	3,193	2,455	11,477	1,743	(32.9%)
Other	658	817	816	780	3,071	690	4.9%
Revenues Global Forwarding	6,113	6,824	6,604	5,435	24,976	4,158	(32.0%)
Revenue Freight	1,277	1,369	1,323	1,405	5,374	1,356	6.2%
Consolidation	(31)	(37)	(35)	(35)	(138)	(30)	3.2%
Total revenues	7,359	8,156	7,892	6,805	30,212	5,484	(25.5%)
Air Freight	488	544	504	421	1,957	342	(29.9%)
Ocean Freight	409	521	469	378	1,777	381	(6.8%)
Other	264	316	331	304	1,215	295	11.7%
Gross profit Global Forwarding	1,161	1,381	1,304	1,103	4,949	1,018	(12.3%)
Gross profit Freight	323	347	325	335	1,330	343	6.2%
Total gross profit	1,484	1,728	1,629	1,438	6,279	1,361	(8.3%)
Gross profit margin	20.2%	21.2%	20.6%	21.1%	20.8%	24.8%
Purchased goods and services	(6,018)	(6,596)	(6,433)	(5,509)	(24,556)	(4,282)	28.8%
Staff costs	(580)	(686)	(672)	(689)	(2,627)	(650)	(12.1%)
Net other operating	(91)	(58)	(130)	(118)	(397)	(83)	8.8%
Net income from investments (equity method)	--	--	--	(3)	(3)	--	--
EBITDA	670	816	657	486	2,629	469	(30.0%)
Depreciation	(69)	(81)	(84)	(84)	(318)	(80)	(15.9%)
EBIT Global Forwarding	576	685	538	366	2,165	353	(38.7%)
EBIT Freight	32	43	35	36	146	36	12.5%
Total EBIT	601	735	573	402	2,311	389	(35.3%)
Margin in %	8.2%	9.0%	7.3%	5.9%	7.6%	7.1%
Operating cash flow after changes in WC	418	695	1,109	999	3,221	857	105.0%
Capex owned assets	31	33	36	59	159	43	38.7%
Depreciation owned assets	(19)	(31)	(32)	(33)	(115)	(31)	(63.2%)
Capex/depreciation	163%	106%	113%	179%	138%	139%
# Employees (Full Time Equivalent)	44,587	46,840	47,515	47,930	46,718	47,384	6.3%
GP to EBIT conversion ratio DGF	49.6%	49.6%	41.3%	33.2%	43.7%	34.7%
GP to EBIT conversion ratio DGFF	40.5%	42.5%	35.2%	28.0%	36.8%	28.6%
Volumes Global Forwarding
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Air Freight Export (in 000 tonnes)	509	477	467	449	1,902	414	(18.7%)
GP/Export ton (in €)	958.7	1,140.5	1,079.2	937.6	1,028.9	826.1	(13.8%)
Ocean Freight (in 000 TEU)	766	876	883	769	3,294	729	(4.8%)
GP/TEU (in €)	533.9	594.7	531.1	491.5	539.5	522.6	(2.1%)
*Q2 2022 Ocean Freight Gross Profit was restated in Q3 2022 reporting
2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

DSC

DHL Supply Chain division expressed in € 000,000s*
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Americas	1,524	1,739	1,782	1,787	6,832	1,660	8.9%
APAC	555	578	637	649	2,419	632	13.9%
EMEA	1,755	1,766	1,785	1,946	7,252	1,828	4.2%
Consolidation/other	(19)	(14)	(20)	(19)	(72)	(13)	31.6%
Total revenues	3,815	4,069	4,184	4,363	16,431	4,107	7.7%
Purchased goods and services	(1,561)	(1,769)	(1,915)	(1,952)	(7,197)	(1,691)	(8.3%)
Staff costs	(1,624)	(1,695)	(1,788)	(1,805)	(6,912)	(1,813)	(11.6%)
Net other operating	(223)	(158)	(45)	(140)	(566)	(144)	35.4%
Net income from investments (equity method)	1	2	2	(9)	(4)	(3)	(400.0%)
EBITDA	408	449	438	457	1,752	456	11.8%
Depreciation	(203)	(205)	(219)	(232)	(859)	(229)	(12.8%)
EBIT	205	244	219	225	893	227	10.7%
Margin in %	5.4%	6.0%	5.2%	5.2%	5.4%	5.5%
Operating cash flow after changes in WC	107	119	387	820	1,433	161	50.5%
Capex owned assets	112	102	135	155	504	112	--
Depreciation owned assets	(69)	(68)	(77)	(84)	(298)	(79)	(14.5%)
Capex/depreciation	162%	150%	175%	185%	169%	142%
# Employees (Full Time Equivalent)	175,946	177,060	178,301	183,034	178,585	182,449	3.7%
New business wins in € m	260	311	385	537	1,493	383
Revenue by sector*
Retail	28%	27%	28%	28%	28%
Consumer	22%	23%	25%	23%	23%
Life Sciences & Healthcare	12%	12%	12%	11%	12%
Auto-mobility	14%	14%	15%	15%	15%
Technology	12%	12%	12%	11%	12%
Engineering & Manufacturing	6%	6%	6%	6%	7%
Others	6%	6%	2%	6%	3%
New business wins by sector*
Retail	28%	32%	44%	34%	38%
Consumer	25%	32%	15%	20%	13%
Life Sciences & Healthcare	10%	9%	9%	8%	10%
Auto-mobility	3%	6%	11%	14%	10%
Technology	8%	11%	16%	16%	18%
Engineering & Manufacturing	11%	7%	3%	4%	10%
Others	15%	3%	2%	4%	1%
*2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

&"Delivery,Regular"Deutsche Post DHL Group Investor Relations &P

DeCS

DHL eCommerce Solutions division expressed in € 000,000s
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Europe	779	802	770	884	3,235	824	5.8%
Americas	501	522	529	636	2,188	524	4.6%
Asia	166	187	190	177	720	157	(5.4%)
Consolidation/other	(1)	1	--	(1)	(1)	--	100.0%
Total revenues	1,445	1,512	1,489	1,696	6,142	1,505	4.2%
Purchased goods and services	(1,028)	(1,064)	(1,067)	(1,240)	(4,399)	(1,081)	(5.2%)
Staff costs	(224)	(241)	(239)	(259)	(963)	(242)	(8.0%)
Net other operating	(44)	(48)	(47)	(54)	(193)	(49)	(11.4%)
Net income from investments (equity method)	--	--	--	--	--	--	--
EBITDA	149	159	136	143	587	133	(10.7%)
Depreciation	(47)	(50)	(49)	(52)	(198)	(52)	(10.6%)
EBIT	102	109	87	91	389	81	(20.6%)
Margin in %	7.1%	7.2%	5.8%	5.4%	6.3%	5.4%
Operating cash flow after changes in WC	170	126	173	113	582	137	(19.4%)
Capex owned assets	52	73	93	213	431	42	(19.2%)
Depreciation owned assets	(21)	(22)	(22)	(23)	(88)	(23)	(9.5%)
Capex/depreciation	248%	332%	423%	926%	490%	183%
# Employees (Full Time Equivalent)	31,283	31,503	31,752	32,321	31,715	32,203	2.9%

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P&P

P&P Germany division expressed in € 000,000s
Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022	Q1 2023	yoy in %
Mail Communication	1,429	1,272	1,276	1,384	5,361	1,330	(6.9%)
Dialogue Marketing	476	432	434	491	1,833	449	(5.7%)
Consolidation/other	183	174	161	180	698	183	--
Post Germany	2,088	1,878	1,871	2,055	7,892	1,962	(6.0%)
Parcel Germany	1,544	1,506	1,502	1,856	6,408	1,604	3.9%
International	593	558	556	693	2,400	611	3.0%
P&P Others Consolidation	20	21	19	19	79	21	5.0%
Total revenues	4,245	3,963	3,948	4,623	16,779	4,198	(1.1%)
Purchased goods and services	(1,385)	(1,344)	(1,376)	(1,716)	(5,821)	(1,464)	(5.7%)
Staff costs	(2,194)	(2,098)	(1,985)	(2,195)	(8,472)	(2,252)	(2.6%)
Net other operating	(227)	(196)	(207)	(231)	(861)	(254)	(11.9%)
Net income from investments (equity method)	--	--	--	--	--	--	--
EBITDA	439	325	380	481	1,625	228	(48.1%)
Depreciation	(84)	(83)	(90)	(97)	(354)	(90)	(7.1%)
EBIT	355	242	290	384	1,271	138	(61.1%)
Margin in %	8.4%	6.1%	7.3%	8.3%	7.6%	3.3%
Operating cash flow after changes in WC	479	401	267	411	1,558	317	(33.8%)
Capex owned assets	173	261	234	375	1,043	123	(28.9%)
Depreciation owned assets	(83)	(82)	(89)	(94)	(348)	(89)	(7.2%)
Capex/depreciation	208%	318%	263%	399%	300%	138%
# working days (Germany)	63.2	60.3	65.8	62.1	251.4	64.2
# Employees (Full Time Equivalent)	160,130	155,776	156,729	162,445	158,770	159,215	(0.6%)
Volumes expressed in 000,000s
Mail Communication	1,688	1,464	1,465	1,639	6,256	1,598	(5.3%)
Dialogue Marketing	1,810	1,653	1,673	1,810	6,946	1,673	(7.6%)
Mail (MC+DM)	3,498	3,117	3,138	3,449	13,202	3,271	(6.5%)
Parcel Germany	398	392	391	487	1,668	406	2.0%
Volumes per working day expressed in 000,000s
Mail Communication	26.7	24.3	22.3	26.4	24.9	24.9	(6.7%)
Dialogue Marketing	28.6	27.4	25.4	29.1	27.6	26.1	(8.7%)
Mail (MC+DM)	55.3	51.7	47.7	55.5	52.5	51.0	(7.8%)
Parcel Germany	6.3	6.5	5.9	7.8	6.6	6.3	--
Revenue per working day expressed in € 000,000s
Parcel Germany	24.4	25.0	22.8	29.9	25.5	25.0	2.5%
Working Days (Germany) for 2023-2025	Q1 2023	Q2 2023	Q3 2023	Q4 2023	FY 2023
64.2	59.3	64.8	61.1	249.4
Q1 2024	Q2 2024	Q3 2024	Q4 2024	FY 2024
62.6	60.3	65.8	60.1	248.8
Q1 2025	Q2 2025	Q3 2025	Q4 2025	FY 2025
62.2	59.3	65.8	60.8	248.1

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Net debt

Net debt of Deutsche Post DHL Group expressed in € 000,000s
31-Mar-22	30-Jun-22	30-Sep-22	31-Dec-22	31-Mar-23
Non-current financial liabilities	17,294	17,313	18,054	17,616	17,390
Current financial liabilities	2,919	3,052	3,195	3,486	3,157
Financial liabilities	20,213	20,365	21,249	21,102	20,547
Cash and cash equivalents	4,310	3,493	4,134	3,790	4,955
Current financial assets	2,100	471	964	1,355	593
Positive fair value of non-current financial derivatives1)	69	57	91	101	40
Financial assets	6,479	4,021	5,189	5,246	5,588
Net debt / (Net liquidity)	13,734	16,344	16,060	15,856	14,959
Net debt/EBITDA	1.3
1) Listed on the balance sheet under non-current financial assets.

IR Statbook Q2 2014 Released on August 5&Xth&X, 2014 Deutsche Post DHL Investor Relations &P

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Pensions

DBO Pension of Deutsche Post DHL Group expressed in € 000,000s*
31-Mar-22	30-Jun-22	30-Sep-22	31-Dec-22	31-Mar-23
Total DBO	16,935	14,011	12,931	13,451	13,723
Plan Assets incl. Asset ceiling	13,948	12,646	11,839	11,870	12,018
Pension provision DBO	3,540	2,019	1,845	1,936	2,025
Pension assets DBO	553	654	753	355	320
Net Pension Provision	2,987	1,365	1,092	1,581	1,705
Funding Ratio	82%	90%	92%	88%	88%
Discount Rates Average	2.32%	3.67%	4.23%	4.23%	4.08%
Germany	2.10%	3.70%	3.90%	4.00%	3.80%
UK	2.80%	3.80%	5.50%	4.90%	4.80%
Other	2.22%	3.36%	3.56%	3.89%	3.78%
*2022 quarterly figures restated in Q4 2022 due to PPA related to acquisitions

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