Development in the first half of 2020
Punctuality slightly improved due to lower network capacity utilization.
Revenues reduced as a result of Covid 19-related declines in demand from intra-Group customers.
Higher expenses particularly for personnel and maintenance are negatively impacting the income development.
Capital expenditures increased significantly.
DB Netze Track | H1 | Change | |||
2020 | 2019 | absolute | % | ||
| Punctuality DB Group (rail) in Germany (%) | 95.6 | 94.2 | – | – |
Punctuality (rail) in Germany 1) (%) | 95.0 | 93.6 | – | – | |
| Train kilometers on track infrastructure (million train-path km) | 512.1 | 542.3 | – 30.2 | – 5.6 | |
| thereof non-Group railways | 184.9 | 179.9 | + 5.0 | + 2.8 | |
| Share of non-Group railways (%) | 36.1 | 33.2 | – | – | |
| Total revenues (€ million) | 2,732 | 2,803 | – 71 | – 2.5 | |
| External revenues (€ million) | 877 | 812 | + 65 | + 8.0 | |
| Share of total revenues (%) | 32.1 | 29.0 | – | – | |
EBITDA adjusted (€ million) | 516 | 708 | – 192 | – 27.1 | |
EBIT adjusted (€ million) | 170 | 379 | – 209 | – 55.1 | |
| Gross capital expenditures (€ million) | 3,309 | 2,875 | + 434 | + 15.1 | |
| Net capital expenditures (€ million) | 841 | 636 | + 205 | + 32.2 | |
| Employees as of Jun 30 (FTE) | 49,832 | 48,021 | + 1,811 | + 3.8 |
1) Non-Group and DB Group train operating companies.
Punctuality figures improved, mainly driven by a lower utilization of the rail infrastructure as a result of reduced demand, as well as lower passenger numbers due to Covid-19. Bottlenecks on the rail infrastructure, including those related to construction activities, were compensated with countermeasures.
Train kilometers on track infrastructure declined, mainly as a result of a reduction in demand from intra-Group customers due primarily to Covid-19, particularly in regional transport and freight transport. This was offset by a higher demand from non-Group customers in regional transport.
Economic development was weaker: additional expenses for measures to expand capacity, improve quality, and in connection with the Covid-19 pandemic could not be offset by income development. As a result, operating profit figures decreased significantly.
- Total revenues fell due to declines in demand, mainly resulting from Covid-19. This was partly offset by price effects. External revenues increased as a result of increases in demand from non-Group customers.
- Other operating income (+3.8%/€ +15 million) increased mainly as a result of higher intra-Group income from settlements of services with Group companies.
On the expense side, there was noticeable additional burdens at cost of materials and personnel expenses in particular:
- Cost of materials (+9.6%/€ +87 million) increased, among other things, as a result of extra maintenance services for the elimination of storm damage and additional advance measures taken while Covid-19 restrictions were in place. This was offset by lower expenses for winter services.
- Personnel expenses (+6.1%/€ +94 million) increased in line with the collective agreement due to the higher number of employees.
- The increase in other operating expenses (+8.2%/€ +44 million) was mainly attributable to higher project expenses. In addition, expenses for services (personnel support and other services) and rental expenses increased.
- Depreciation (+5.2%/€ +17 million) increased mainly due to capital expenditures.
The significant increase in net capital expenditures was mainly due to higher capital expenditures in new and expansion line projects. The increase in funding under LuFV III led to noticeably higher gross capital expenditures.
The number of employees rose mainly due to new hires to cover demand and ensure succession, particularly in maintenance, construction projects and operations.