Amsterdam, The Netherlands

Reported revenues €1,666m (-4.5%); reported operating income €231m (includes €200m termination fee received from UPS) (1Q12: €54m)
Adjusted revenues (at constant FX) €1,676m (-3.9%); adjusted operating income (at constant FX and excluding one-offs) €38m (1Q12: €54m)
Net cash from operating activities €167m, net cash used in investing activities €28m and net cash €280m (1Q12: €36m net debt)
Cost savings programmes announced last year continued to support profitability in all reporting segments
Deliver! profit improvement programme implementation started; first milestones realised
Brazil Domestic accounted as discontinued operation; China Domestic as asset held for sale [*]
New organisational structure will become basis for reporting starting 2Q13