Development in the first half of 2021
- Personnel expenses increased, mainly as a result of a higher number of employees.
- Digitalization and Group projects advanced.
- Significant income gains drive improved profit.
| Subsidiaries/other | H1 | Change | H1 2019 | |||
2021 | 2020 | absolute | % | |||
| Total revenues (€ million) | 2,616 | 2,488 | +128 | +5.1 | 2,398 | |
DB Business Services | 2 | 2 | – | – | 31 | |
DB Operational Services | 3,003 | 2,890 | +113 | +3.9 | 2,759 | |
Other/consolidation | –389 | –404 | +15 | –3.7 | –392 | |
| External revenues (€ million) | 270 | 228 | +42 | +18.4 | 280 | |
EBITDA adjusted (€ million) | 14 | –151 | +165 | – | –119 | |
EBIT adjusted (€ million) | –263 | –455 | +192 | –42.2 | –366 | |
DB Business Services | –36 | –83 | +47 | –56.6 | –36 | |
DB Operational Services | 23 | –56 | +79 | – | –59 | |
Other | –250 | –316 | +66 | –20.9 | –271 | |
| Gross capital expenditures (€ million) | 327 | 283 | +44 | +15.5 | 318 | |
DB Business Services | 3 | 1 | +2 | – | 2 | |
DB Operational Services | 169 | 164 | +5 | +3.0 | 202 | |
Other | 155 | 118 | +37 | +31.4 | 114 | |
| Net capital expenditures (€ million) | 327 | 283 | +44 | +15.5 | 318 | |
| Employees as of Jun 30 (FTE) | 58,187 | 56,735 | +1,452 | +2.6 | 54,926 | |
DB Business Services | 11,636 | 11,926 | –290 | –2.4 | 11,907 | |
DB Operational Services | 43,984 | 42,081 | +1,903 | +4.5 | 40,576 | |
Other | 2,567 | 2,728 | –161 | –5.9 | 2,443 | |
The increase in total revenues was driven by higher revenues from intra-Group customers of DB Operational Services companies. This resulted mainly from a higher demand for digitalization and cyber security solutions (DB Systel), for Covid-19-related cleaning and hygiene services (DB Services) and security services (DB Security). A higher project volume in DB Vehicle Maintenance also had a revenue-increasing effect.
Revenues from non-Group customers increased at a low level. This was mainly the result of recovery-related growth at DB Sales and increased project business of the DB E.C.O. Group.
The operating profit figures in the Other area were significantly affected by corporate management functions performed for the business units. There is no cost transfer to the business units by means of Group charges. In the first half of 2021, the operating profit figures of adjusted EBITDA and adjusted EBIT developed significantly better, mainly as a result of income increases. Expenses were at the level of the first half of 2020. Burdens resulted from higher personnel expenses, mainly due to an increase in the number of employees required for capacity and quality measures. In addition to countermeasures, the positive business development at DB Systel, DB Connect and DB Services, among others, more than compensated for the effects.
The increase in capital expenditures resulted mainly from vehicle purchases at DB Connect and effects from extensions of existing rental and lease agreements at DB Real Estate.
The number of employees rose mainly due to an expansion of employees at DB Operational Services companies, particularly at DB E&C, DB Systel, DB Vehicle Maintenance, DB Services and DB Security due to expanded digitalization and quality measures, additional hygiene and safety requirements due to the Covid-19 pandemic, and an increase in the vertical range of production. Due to changes in demand, on the other hand, the number of employees at DB Group’s HR service providers fell.