Marco Limita
Analyst, Barclays
Replay available
Deutsche Post Ag S/Adr (OTC: DHLGY) Q4 2025 earnings conference call, held 2026-03-05. Replay captured from the company's public earnings webcast.

Analyst, Barclays
Analyst, Morgan Stanley
Head of Investor Relations
Analyst, Bernstein
Group CEO
Analyst, Wolfe Research
Analyst, Bank of America
Analyst, J.P. Morgan
Group CFO
Analyst
Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the DHL group conference call. Please note that this call will be recorded. You can find the privacy notice on dhl.com. Throughout today's presentation, all participants will be in a listen-only mode. The presentation will be followed by a question and answer session. If you wish to ask a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. If you've dialed in, please select star nine to raise your hand and star six to unmute. Instructions will also follow at the time of the Q&A. I would now like to turn the conference call over to Martin Ziegenborg, Head of Investor Relations. Please go ahead. Thank you, and a very good morning from my end to everyone participating in this call. Thank you for your interest. As the title says, I have with me here our Group CEO, Tobias Meyer, and our Group CFO, Melanie Kreis. We will start with the presentation, starting by Tobias and following with the Q&A. With that, over to you, Tobias. Thank you, Martin. Good morning, everybody. Thank you for Your interest in DHL 2025 turned out to be a bit different from the macro assumptions than many had told us, but despite that, we delivered on guidance, particularly through effective cost and yield management in all of our divisions, so that for the full year, EBIT increased to $6.2 billion, and we have an 8% year-on-year growth in the earnings per share. We continue to generate good cash flow. You will have seen that cash flow, free cash flow, net M&A increased to 3.2 billion and execute our policies, our finance policy to provide good shareholder returns. As it relates to the outlook, I think 2025 really made us in many aspects a better company, and we have a more s...