Revenues

Revenues

Revenues / € million

H 1

Change

2024

2023

absolute

%

Revenues 1)

22,310

23,004

–694

–3.0

  Special items

0

1

–1

–100

Revenues adjusted 1)

22,310

23,005

–695

–3.0

thereof Integrated Rail System

12,938

12,989

–51

–0.4

  Changes in the scope of consolidation

–20

+20

–100

  Exchange rate changes

60

+60

Revenues comparable

22,370

22,985

–615

–2.7

thereof Integrated Rail System

12,928

12,986

–58

–0.4

Revenues adjusted (incl. discontinued operations)

24,040

24,973

–933

–3.7

thereof discontinued operations

1,730

1,968

–238

–12.1

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

The decline in revenues in DB Group was driven primarily by the freight rate normalization at DB Schenker. Overall, revenue development of the business units in the Integrated Rail System was approximately at the level of the first half of 2023. Revenue growth, especially at DB Regional (mainly from the regular increase of concession fees) and DB InfraGO, was completely offset by negative effects, especially from strikes, continuing high construction-related restrictions in the infrastructure, a lack of economic momentum (especially at DB Cargo) and a decline in volume at DB Energy.

Special items continued to be irrelevant for revenue devel­­­opment.

Changes in the scope of consolidation and exchange rate changes also had no material impact:

  • In the first half of 2023, the effects of changes in the scope of consolidation related to DB Schenker (€ –17 million) and DB Regional (€ –3 million).
  • The effects of exchange rate changes applied primarily to DB Schenker (€ –70 million) and DB Cargo (€ +10 million).

The decline in revenues in discontinued operations was mainly due to the fact that DB Arriva was only included in the consolidated financial statements for five months due to the completed sale.