Revenue rose by a total of €416 million (2.6%) year over year.
Revenue from the German letter mail business was €7,193 million in the year under review and thus 4.6% below the prior-year level of €7,537 million. Of this revenue, €4,569 million (previous year: €4,861 million) was attributable to Mail Communication, €1,653 million (previous year: €1,711 million) to Dialogue Marketing and €971 million (previous year: €965 million) to other services. Revenue in the German parcel business in the reporting year was €6,452 million, exceeding the prior-year figure of €5,820 million by 10.9%. This is primarily attributable to higher intra-Group remuneration. Revenue of €2,153 million (previous year: €2,049 million) was reported for our International business unit in the reporting period. Other revenue amounted to €750 million (previous year: €726 million) and included mainly income from service level agreements, rental agreements and leases and reimbursements for employee leasing.
INCOME STATEMENT FOR DEUTSCHE POST AG (HGB) – JANUARY 1 TO DECEMBER 31
€m
2022
2023
Revenue
16,132
16,548
Other own work capitalized
96
101
Other operating income
1,265
1,034
17,493
17,683
Material expense
–5,887
–5,988
Staff costs
–8,740
–9,090
Amortization of intangible assets and depreciation of property, plant and equipment
–338
–352
Other operating expenses
–2,636
–2,528
–17,601
–17,958
Financial result
3,078
3,403
Taxes on income
–369
–342
Result after tax/Net profit for the period
2,601
2,786
Retained profits brought forward from previous year
8,034
6,430
Net retained profit
10,635
9,216
Other operating income registered a year-over-year decrease of €231 million, or 18.3%, driven mainly by lower income from currency translation (€176 million lower) and lower income from the reversal of provisions (€67 million lower).
Due to higher costs on account of inflation, material expense rose by €101 million on account of an increase in the cost of transport services for letters and parcels as well as an increase for leases and rents.
Staff costs were up by €350 million. In the year under review, inflation compensation payments in the amount of €387 million were made.
The decrease in other operating expenses by €108 million stemmed mainly from lower expenses from currency translation (€165 million).
The financial result in the amount of €3,403 million mainly comprises net investment income of €2,864 million (previous year: €3,739 million) and a net interest income of €541 million (previous year: expense of €657 million). The change in net investment income is due to the €874 million decrease in income from profit transfer agreements attributable to Deutsche Post Beteiligungen Holding GmbH, whose earnings were the result of higher intra-Group interest expenses and lower income from investments. Income from the discounting of provisions and higher intra-Group interest income due to increased interest rates in the market environment led to the improvement in net interest income of Deutsche Post AG.
After accounting for taxes on income of €–342 million, net profit for the period totaled €2,786 million. Including retained profits carried forward, net retained profit for the period amounted to €9,216 million.
