Development in the first half of 2021
- Punctuality worse due to higher network utilization.
- Strong profit development drives significantly positive development of profit figures.
- Personnel expenses increased as a result of collective bargaining agreements and personnel expansion.
DB Netze Track | H1 | Change | H1 2019 | |||
2021 | 2020 | absolute | % | |||
| Punctuality DB Group (rail) in Germany (%) | 94.7 | 95.6 | – | – | 94.2 | |
Punctuality (rail) in Germany 1) (%) | 94.0 | 95.0 | – | – | 93.6 | |
| Train kilometers on track infrastructure (million train-path km) | 547.7 | 512.1 | +35.6 | +7.0 | 542.3 | |
thereof non-Group railways | 203.0 | 184.9 | +18.1 | +9.8 | 179.9 | |
Share of non-Group railways (%) | 37.1 | 36.1 | – | – | 33.2 | |
| Total revenues (€ million) | 2,938 | 2,732 | +206 | +7.5 | 2,803 | |
| External revenues (€ million) | 966 | 877 | +89 | +10.1 | 812 | |
| Share of total revenues (%) | 32.9 | 32.1 | – | – | 29.0 | |
EBITDA adjusted (€ million) | 649 | 516 | +133 | +25.8 | 708 | |
EBIT adjusted (€ million) | 302 | 170 | +132 | +77,6 | 379 | |
| Gross capital expenditures (€ million) | 3,155 | 3,309 | –154 | –4.7 | 2,875 | |
| Net capital expenditures (€ million) | 725 | 841 | –116 | –13.8 | 636 | |
| Employees as of Jun 30 (FTE) | 51,347 | 49,832 | +1,515 | +3.0 | 48,021 | |
1) Non-Group and DB Group train operating companies.
Punctuality declined, mainly as a result of increased utilization of the track infrastructure. The main reasons for this were the significantly higher train supply and an increase in infrastructure bottlenecks, partly as a result of higher construction activity on the network.
Train kilometers on track infrastructure increased significantly. This was driven particularly by the expansions in regional and freight transport. Demand increased among non-Group and internal customers equally.
The economic development recovered, and operating profit figures again showed noticeable improvements. The main drivers were performance-related gains on the income side:
- Revenues increased significantly due to demand. Positive price effects also had a revenue-increasing effect.
- The increase in other operating income (+7.8%/€ +32 million), partly due to higher income from scrapping and the release of provisions, had a supporting effect. Grants also increased.
On the expense side, there were noticeable additional burdens, in particular for measures to expand capacity, improve quality and in connection with a harsher winter:
- Personnel expenses (+5.9%/€ +97 million) increased significantly as a result of the higher number of employees and due to collective bargaining agreements.
- The higher cost of materials (+6.0%/€ +60 million) is mainly due to the harsher winter and effects of the Covid-19 pandemic (including additional burdens from social distancing and hygiene measures).
- Other operating expenses (+0.2%/€ +1 million) remained almost unchanged. Expenses from the impairment of receivables and higher rental and further education costs, among other things, were almost completely offset by lower project expenses and a decline in travel expenses due to the Covid-19 pandemic.
- Depreciation (+0.3%/€ +1 million) also remained almost unchanged.
The capital expenditure activities declined slightly as a result of lower capital expenditures on new and expansion projects. We expect capital expenditures to expand again significantly in the second half of 2021.
The number of employees increased significantly to cover demand and ensure succession planning, particularly in the areas of maintenance, construction projects and operations.