Deutsche Post shares

Stock markets suffer heavy losses

2008 was a hard year for the international stock markets. The US subprime crisis, a faltering US economy and rising oil prices sent prices into steep decline right from the first half of the year. The stock markets were dominated by fears that the economic slowdown in the United States would spread to Asia and most of all to Europe. The DAX shed a fifth of its value in the first half-year alone. The situation worsened dramatically with the insolvency of the US investment bank Lehman Brothers in September. More major banks began to struggle from then on. Governments around the world found themselves forced to put together rescue packages, especially as the crisis began to affect other parts of the economy. The stock exchanges suffered heavily: Over the course of the year, the DAX lost 40.4% of its value, the Dow Jones 33.8% and the EURO STOXX 50 44.4%.

Key share data
		2004	2005	2006	2007	2008	+/– %
Year-end closing price	€	16.90	20.48	22.84	23.51	11.91	–49.3
High	€	19.80	21.23	23.75	25.65	24.18	–5.7
Low	€	14.92	16.48	18.55	19.95	7.18	–64.0
Number of shares	millions	1,112.8	1,193.9	1,204.01)	1,208.21)	1,209.01)	0.1
Market capitalisation as at 31 December	€m	18,840	24,425	27,461	28,388	14,399	–49.3
Average trading volume per day	shares	2,412,703	3,757,876	5,287,529	6,907,270	7,738,509	12.0
Annual performance with dividend	%	6.4	24.1	14.9	6.9	–45.5	–
Annual performance excluding dividend	%	3.4	21.2	11.5	2.9	–49.3	–
Beta factor2)		0.84	0.75	0.80	0.68	0.81	–
Earnings per share3)	€	1.44	1.99	1.60	1.15	–1.40	–
Cash flow per share4)	€	2.10	3.23	3.28	4.27	1.60	–62.5
Price/earnings ratio5)		11.7	10.3	14.3	20.4	–8.5	–
Price/cash flow ratio4), 6)		8.1	6.4	7.0	5.5	7.4	–
Dividend	€m	556	836	903	1,087	7257)	–33.3
Payout ratio	%	34.8	37.4	47.1	78.6	–	–
Dividend per share	€	0.50	0.70	0.75	0.90	0.607)	–33.3
Dividend yield	%	3.0	3.4	3.3	3.8	5.0	–

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