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Outlook

Infrastructure

Despite the tense operating situation, train-path demand is forecast to continue its consistently positive development in the second half of 2022. In addition to the further easing of the effects of the Covid-19 pandemic and partial commissioning after the flooding, smaller losses from exceptional events in the previous year (thunderstorms, strikes) are leading to an increase in volume compared to the previous year. Volume growth is expected in rail freight transport due to the macroeconomic environment although this may, however, weaken further depending on the development of the war in Ukraine and the global supply chain problems.

Station stops are expected to experience slightly positive development over the full year. The share of non-Group railways remains stable.

Leasing income in stations should stabilize slowly over the course of 2022 as a result of a moderate recovery from the effects of the Covid-19 pandemic, and should be slightly above 2021 levels.

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