EBIT

EBIT

Operating profit figures / € million

EBITDA adjusted

EBIT adjusted

H 1

Change

H 1

Change

2024

2023

absolute

%

2024

2023

absolute

%

DB Long-Distance 

62

182

–120

–65.9

–232

–62

–170

DB Regional 

264

295

–31

–10.5

–66

–38

–28

+73.7

DB Cargo

–53

16

–69

–261

–195

–66

+33.8

DB InfraGO

–277

191

–468

–712

–234

–478

DB Energy 

230

348

–118

–33.9

192

310

–118

–38.1

Other

233

207

+26

+12.6

–92

–95

+3

–3.2

Consolidation Integrated Rail System

–65

–62

–3

+4.8

–25

–25

Integrated Rail System

394

1,177

–783

–66.5

–1,196

–339

–857

DB Schenker 

908

1,011

–103

–10.2

520

626

–106

–16.9

Consolidation other 2)

–1

–10

+9

–90.0

–1

–8

+7

–87.5

DB Group 2)

1,301

2,178

–877

–40.3

–677

279

–956

Margin (%)

5.8

9.5

–3.7

–3.0

1.2

–4.2

DB Group (incl. discontinued operations)

1,474

2,365

–891

–37.7

–615

322

–937

thereof discontinued operations

173

187

–14

–7.5

62

43

+19

44.2

Adjusted EBIT and adjusted EBITDA declined noticeably as a result.

  • Operating interest balance (+39.4 %/€ –112 million): Negative development resulted from the higher interest rate level and higher average financial debt.

Operating income after interest also fell noticeably.

  • Net investment income (+33.3 %/€ +2 million): Increase at a low level.
  • Other financial result (€ +35 million): Significant increase at a low level, mainly due to exchange rate effects and positive effects from closed hedging transactions, which on balance resulted in a lower expense than in the first half of 2023. Conversely, negative effects from the compounding and discounting of provisions, which resulted in an expense on balance (in the first half of 2023: income), as well as impairments on subsidiaries had a partially offsetting effect.
  • Extraordinary result (€ –113 million): Decreased significantly and was negative, primarily due to the omission of positive effects in connection with the electricity price brake in the first half of 2024 as well as higher restructuring costs at DB Schenker. Positive effects resulted from adjustments to provisions at DB Cargo.

Extraordinary result / € million

H 1

2024

thereof affecting EBIT

2023

thereof affecting EBIT

DB Long-Distance

94

94

DB Regional

0

0

–4

‒4

DB Cargo

15

15

21

21

DB InfraGO

–5

–7

‒2

DB Energy

Other/consolidationIntegrated Rail System

–76

‒78

–76

‒76

Integrated Rail System

–66

‒63

28

33

DB Schenker

–17

–17

1

1

Consolidation other

0

0

DB Group 1)

–84

‒80

29

34

thereof electricity price brake

142

142

thereof restructuring measures

‒63

‒63

‒66

‒66

1) Value for the first half of 2023 adjusted due to reclassification of DB Arriva.

Accordingly, the loss before income taxes also increased significantly.

Although the development of the income tax position (‒36.1%/€ +52 million) was significantly better, it nevertheless had a negative impact on development:

  • Actual income taxes were decisive for the development and decreased due to declining results at some foreign Group companies (especially at DB Schenker).
  • Deferred taxes continued to decline at low levels.

As a result, net loss after income taxes from continuing operations increased somewhat less significantly but remained noticeably negative. Net loss after income taxes from discontinued operations also worsened (first half of 2023: net profit). This was mainly due to the loss on disposal in connection with the deconsolidation of DB Arriva, which was largely offset by positive depreciation effects in connection with IFRS 5 accounting and the profit development of DB Arriva up to the deconsolidation date.

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