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Development in the first half of 2021
- Positive development of demand, mainly as a result of the resumption of transport services.
- Additional burdens on profit development from hygiene, quality and capacity measures.
- Rental business greatly burdened by effects of the Covid-19 pandemic.
- Progress made with energy-saving measures.
DB Netze Stations | H1 | Change | H1 2019 | |||
2021 | 2020 | absolute | % | |||
| Facility quality (grade) | 2.83 1) | 2.86 1) | – | – | 2.89 1) | |
| Station stops (million) | 77.9 | 73.3 | +4.6 | +6.3 | 76.2 | |
thereof non-Group railways | 23.0 | 21.1 | +1.9 | +9.0 | 19.4 | |
| Total revenues (€ million) | 625 | 647 | –22 | –3.4 | 680 | |
thereof station revenues | 482 | 442 | +40 | +9.0 | 451 | |
thereof rental | 134 | 187 | –53 | –28.3 | 204 | |
| External revenues (€ million) | 243 | 292 | –49 | –16.8 | 303 | |
EBITDA adjusted (€ million) | 67 | 124 | –57 | –46.0 | 201 | |
EBIT adjusted (€ million) | –7 | 53 | –60 | – | 123 | |
| Gross capital expenditures (€ million) | 491 | 497 | –6 | –1.2 | 397 | |
| Net capital expenditures (€ million) | 142 | 236 | –94 | –39.8 | 216 | |
| Employees as of Jun 30 (FTE) | 6,778 | 6,302 | +476 | +7.6 | 6,002 | |
1) Preliminary figure.
Facilities quality was slightly below the level of the first half of 2020.
The increase in station stops resulted mainly from the resumption of transport services that had been temporarily suspended due to the Covid-19 pandemic. The driver was particularly the higher demand from intra-Group and non-Group customers in regional transport. The pre-Covid-19 level was exceeded overall.
On the other hand, economic development was still challenging, with operating profit figures down significantly. In addition to additional burdens, particularly for personnel and in connection with the Covid-19 pandemic, revenue development also contributed to this:
- The decline in revenues is largely the result of lower revenues from rental due to the Covid-19 pandemic. The increase in station revenues due to prices and demand partially compensated for this.
- Other operating income (+12.0%/€ +6 million) rose, in contrast, as a result of higher intra-Group income from cost allocations. Grants in connection with the renovation of stations (Federal Government’s trade program) also increased. This was offset by lower income from the leasing of advertising space.
On the expense side, there were considerable additional burdens, in particular from the cost of materials and personnel expenses:
- Cost of materials (+9.0%/€ +27 million) increased, in part because of additional hygiene and safety measures at our stations made necessary due to the Covid-19 pandemic, and also because of the Federal Government’s trade program as an economic stimulus, though this did not affect profits overall.
- Personnel expenses (+11.6%/€ +23 million) increased noticeably as a result of a higher number of employees overall and due to collective bargaining agreements.
- Other operating expenses also increased (4.3%/€ +5 million), mainly due to more services being purchased for hygiene and security measures required for Covid-19 reasons at our stations and in connection with IT services for the Group’s passenger information of the future.
- Depreciation (+4.2%/€ +3 million) increased slightly as a result of capital expenditures.
Gross capital expenditures were almost at the level of the first half of 2020. Net capital expenditures fell noticeably as a result of significant increases in grants.
The number of employees increased, particularly in the areas of construction and facility management.