The Board of Management expects consolidated EBIT to reach around €3.75 billion in financial year 2017. The Post - eCommerce - Parcel division is likely to contribute around €1.5 billion to this figure. Compared with the previous year, we expect an additional improvement in overall earnings to around €2.6 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 be at the prior-year level of around €–0.35 billion. In line with the projected growth in EBIT, we expect that EAC will also increase in 2017. Free cash flow is expected to exceed €1.4 billion.