Revenues
Revenues
| Revenues / € million | H1 | Change | ||
|---|---|---|---|---|
| 2025 | 2024 | absolute | % | |
| Revenues 1) | 13,327 | 12,904 | +423 | +3.3 |
| Special items | 11 | 0 | +11 | – |
| Revenues adjusted 1) | 13,338 | 12,904 | +434 | +3.4 |
| Changes in the scope of consolidation | – | – | – | – |
| Exchange rate changes | 7 | – | +7 | – |
| Revenues comparable | 13,345 | 12,904 | +441 | +3.4 |
| Revenues adjusted (incl. discontinued operations) 1), 2) | 19,478 | 24,049 | –4,571 | –19.0 |
| thereof discontinued operations 1), 2) | 6,140 | 11,145 | –5,005 | –44.9 |
1) Figure for the first half of 2024 adjusted due to the sale of DB Schenker.
2) The first half of 2025 includes the figures of DB Schenker for the period from January 1 to April 30, 2025, while the first half of 2024 includes the figures of DB Schenker for the period from January 1 to June 30, 2024, and the figures of DB Arriva for the period from January 1 to May 31, 2024.
Revenue development improved slightly. Revenue growth resulted, among other things, from the omission of strike effects in the first half of 2024 as well as positive price effects, especially at DB Regional (in particular from contractually agreed increases in concession fees) and DB InfraGO. Burdens resulted from a lack of economic impetus (particularly at DB Cargo), and declining sales prices and volumes at DB Energy. In addition, the persistently high construction-related restrictions in the infrastructure, had a dampening effect on demand.
Special items continued to be irrelevant for revenue development. Changes in the scope of consolidation and exchange rate changes also had no material impact.
The decline in revenues in discontinued operations was mainly due to the fact that DB Schenker was only included in the consolidated interim financial statements for four months due to the completion of the sale in the first half of 2025. In addition, the figures for the first half of 2024 included the revenues of DB Arriva for five months.