Income development

Transition to the adjusted statement of income

The transition to the adjusted income statement is a two-­­step process. The reclassification and adjustment procedure has not changed ...

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Transition to the adjusted statement of income (€ million)

H1

Change

2020

ReclassificationsAdjust-
ment for
special
items

2020
adjusted

2019
adjusted

absolute

thereof
due to changes
in the scope
of consol-
idation

thereof

due to
exchange
rate
effects

%

IFRS com-
pound-
ing/dis-
counting
Net
invest-
ment
income
PPA
amorti-
zation

 

Umsatz

19,423

19,423

22,013

– 2,590

– 24

– 63

– 11.8

Inventory changes and other internally
produced and capitalized assets

1,695

1,695

1,490

+ 205

+ 13.8

Other operating income

1,276

–19

1,257

1,116

+ 141

+ 1

– 1

+ 12.6

Cost of materials

– 10,767

1

– 10,766

– 10,876

+ 110

+ 13

+ 46

– 1.0

Personnel expenses

– 9,155

78

– 9,077

– 8,902

– 175

+ 3

+ 9

+ 2.0

Other operating expenses

– 2,380

5

– 2,375

– 2,307

– 68

+ 3

+ 5

+ 2.9

EBITDA/EBITDA adjusted

92

65

157

2,534

– 2,377

– 4

– 4

– 93.8

Depreciation

– 3,375

26

1,412

– 1,937

– 1,777

– 160

– 1

+ 3

+ 9.0

Operating income (EBIT) | 
EBIT adjusted

– 3,283

26

1,477

– 1,780

757

– 2,537

– 5

– 1

Net interest income |
Net operating interest

– 347

65

0

– 282

– 333

+ 51

– 0

– 0

– 15.3

Operating income after
interest

– 3,630

65

26

1,477

– 2,062

424

– 2,486

– 5

– 1

Result from investments
accounted for using
the equity method | Net
investment income

– 9

0

– 9

– 9

+ 0

Other financial result

– 30

–65

0

– 95

– 18

– 77

– 17

+ 1

PPA amortization of customer contracts

–26

– 26

– 32

+ 6

+ 1

– 18.8

Extraordinary result

–1,477

– 1,477

– 97

– 1,380

+ 4

Profit/loss before taxes on income

– 3,669

– 3,669

277

– 3,946

– 22

+ 5

Operating profit figures

The effects of the Covid-19 pandemic have significantly impacted the economic development of DB Group during the first half of 2020. As a result, the operating profit figures showed a significant decline, primarily driven by the integrated rail system.

Operating expenses increased only marginally, mitigated by the decline in performance:

  • Cost of materials fell slightly ...
  • Personnel expenses increased ...
  • Other operating expenses in the integrated rail system increased significantly ...
  • Depreciation increased significantly in the integrated rail system ...

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