In 2017, revenue increased by €82 million to €3,495 million (2016: 3,413), fuelled by last year's acquisition of Pin Mail Berlin and Mail Alliance within Germany. Revenue increases at Parcels and International were offset by a decrease in revenue in Mail in the Netherlands. Adjusted for foreign exchange rate changes, underlying revenue increased by €88 million to €3,501 million. Revenue contribution from e-commerce related activities increased to 38% (2016: 33%), which exemplifies that the challenges and opportunities we face are accelerating our transformation at a fast pace.
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