The Board of Management expects consolidated EBIT to reach around €4.15 billion in financial year 2018. The Post - eCommerce - Parcel division is likely to contribute around €1.50 billion to this figure. We also expect an additional improvement in overall earnings to around €3.00 billion in the DHL divisions. All of the DHL divisions are expected to contribute to the increase. The Corporate Center / Other result is projected to remain stable at around €–0.35 billion. Due to the changes resulting from the initial application of IFRS 16, we expect the asset charge to increase to a greater extent than EBIT and EBIT after asset charge (EAC) to decline in 2018 as a result. Free cash flow is expected to exceed €1.5 billion.