Development in the relevant markets

Train-path demand in the first half of 2024 was severely impacted by special events (GDL strikes and severe weather due to heavy rain) as well as economic declines in freight transport. Apart from the special events, passenger transport showed positive development.

Due to tender effects within local transport as well as strike-related volume shifts in freight transport, non-Group train operating companies were able to gain further mar­­­­-ket shares. The necessary capital expenditures in the rail network continue to lead to high restrictions and thus to a shortage of capacity.

The number of station stops was at the level of the first half of 2023. The market share of intra-Group railways in rail passenger transport decreased compared to the previous year.