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Outlook
Development of DB Group
Our forecasts for the development of DB Group in the 2020 financial year are based on our expectations of developments in the market, competition and environment, and the implementation success of the planned measures. A key basic assumption is that we expect the recovery process that began in May 2020 to continue and for there not to be any significant Covid-19-related setbacks. Overall, the situation continues to be characterized by great uncertainty in terms of the consequences of the Covid-19 pandemic and the speed of recovery.
| Anticipated development (€ billion) | 2019 | 2020 | 2020 | |
| Revenues | 44.4 | >38.5 | |
EBIT adjusted | 1.8 | >–3.5 | ||
| Gross capital expenditures | 13.1 | >15 | >14.5 | |
| Net capital expenditures | 5.6 | >6.5 | >6.0 | |
| Maturities | 2.2 | 2.3 | 2.3 | |
| Bond issues (senior) | 2.0 | >2.5 | ≥4.4 | |
| Net financial debt as of Dec 31 | 24.2 | ~27 | ||
above previous year’s figure;
at previous yearʼs level;
below previous yearʼs figure.