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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 ...
| Transition to the adjusted statement of income (€ million) | H1 | Change | ||||||||||
2020 | Reclassifications | Adjust- ment for special items | 2020 | 2019 | absolute | thereof due to changes in the scope of consol- idation | thereof due to | % | ||||
| 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 ...