Development in the first half of 2022
- Punctuality weaker due to construction and higher network utilization.
- Increased revenues from price and volume effects fuel positive operating profit development.
- Personnel expenses increased as a result of collective bargaining agreements and an increase in personnel.
- Higher expenses, in particular for improvements in capacity and quality.
DB NETZE TRACK | H 1 | Change | H 1 2019 | |||
2022 | 2021 | absolute | % | |||
Punctuality DB Group (rail) in Germany (%) | 92.3 | 94.7 | – 2.4 | – | 94.2 | |
Punctuality (rail) in Germany 1) (%) | 91.5 | 94.0 | – 2.5 | – | 93.6 | |
Train kilometers on track infrastructure | 562.6 | 547.7 | +14.9 | + 2.7 | 542.3 | |
thereof non-Group railways | 205.4 | 203.0 | + 2.4 | + 1.2 | 179.9 | |
Share of non-Group railways (%) | 36.5 | 37.1 | – 0.6 | – | 33.2 | |
Total revenues (€ million) | 3,116 | 2,938 | + 178 | + 6.1 | 2,803 | |
External revenues (€ million) | 995 | 966 | + 29 | + 3.0 | 812 | |
Share of total revenues (%) | 31.9 | 32.9 | –1.0 | – | 29.0 | |
EBITDA adjusted (€ million) | 834 | 649 | + 185 | + 28.5 | 708 | |
EBIT adjusted (€ million) | 496 | 302 | + 194 | + 64.2 | 379 | |
Gross capital expenditures (€ million) | 3,019 | 3,155 | – 136 | – 4.3 | 2,875 | |
Net capital expenditures (€ million) | 718 | 725 | – 7 | – 1.0 | 636 | |
Employees as of Jun 30 (FTE) | 51,976 | 51,347 | + 629 | + 1.2 | 48,021 | |
Average employees (FTE) | 51,787 | 50,994 | + 793 | + 1.6 | 47,545 | |
1) Non-Group and DB Group train operating companies.
Punctuality declined as a result of the high utilization of the track infrastructure, in particular in the highly utilized core lines. Reasons for this in particular included the higher construction activity on the network with a simultaneous increase in operational volume, highly utilized rail lines even without construction activity and an increase in primary disruptions, in particular in infrastructure.
Train kilometers on track infrastructure continued to increase significantly. The main drivers were fewer corona-related service cancellations and an increase in freight transport. Demand increased even more significantly among intra-Group customers than among non-Group customers which was partly due to the takeover of regional transport services.
Economic development was very satisfactory. As a result, operating profit figures increased significantly. This resulted in particular from increased price- and performance-related income that more than compensated for the increased expenses, for example for personnel.
The income trend was very positive:
- Revenues increased significantly due to price effects and higher demand.
- This was supported by the increase in other operating income (+31.2%/€ +138 million), among other things as a result of higher income from real estate sales and increased subsidies, especially for the repair of flood damage. Lower income from the reversal of deferred incomes in connection with interest-free loans in particular had a contrary effect.
In terms of expenses, there were significant additional burdens, in particular due to measures to expand capacity, improve quality and in connection with the floodings:
- Personnel expenses (+5.6%/€ +98 million) rose considerably as a result of collective bargaining agreements and the higher number of employees.
- The development of the cost of materials (+6.7%/€ +71 million) was mainly due to increased maintenance services and the rectification of flood damage. Lower expenses for winter service helped to offset this.
- The increase in other operating expenses (+3.1%/€ +18 million) resulted, among other things, from higher expenses for projects and IT services. On the other hand, lower impairments on receivables had the effect of reducing expenses.
The slight decrease in depreciation (– 2.6%/€ –9 million)had a dampening effect.
Gross capital expenditures declined slightly as a result of lower capital expenditures in the existing network. Net capital expenditures are slightly below the high level of the first half of 2021. Lower capital expenditures, especially in new construction and expansion projects, led to a slight decrease.
The number of employees increased significantly to cover demand and ensure succession planning, particularly in the areas of maintenance, construction projects and operations.