In financial year 2016, Deutsche Post DHL Group increased EBIT to €3.5 billion. All divisions contributed to the increase. The measures implemented in the prior year served to make the Group more efficient and led to significantly higher margins. In the Post - eCommerce - Parcel (PeP) division, the dynamic growth recorded in the parcel business more than compensated for the decline in revenue in the Post business unit. In the DHL divisions, the growth trend in the international Express business remained intact and the turnaround measures implemented in the Global Forwarding, Freight division in particular are taking effect. Consolidated revenue remained below the prior-year level, due in part to negative currency effects. Capital expenditure increased. Excluding the further funding of pension obligations, free cash flow registered a positive development. From the perspective of the Board of Management, this testifies to the continuing sound financial position of the Group.
