Business development

Overview

Revenues adjusted / € millionTotal revenuesExternal revenues
H1ChangeH1Change
20262025absolute%20262025absolute%
DB Long-Distance3,0522,974+78+2.62,9562,881+75+2.6
DB Regional5,5845,369+215+4.05,5075,302+205+3.9
DB Cargo2,4832,531–48–1.92,3462,388–42–1.8
DB InfraGO 1)4,2944,318–24–0.61,6271,588+39+2.5
DB Energy1,6941,677+17+1.0692742–50–6.7
Subsidiaries / Other 1)3,2803,238+42+1.3456437+19+4.3
Consolidation 1)–6,803–6,769–34+0.5
DB Group13,58413,338+246+1.813,58413,338+246+1.8
Operating profit figures / € millionEBITDA adjustedEBIT adjusted
H1ChangeH1Change
20262025absolute%20262025absolute%
DB Long-Distance419240+179+74.6148–59+207
DB Regional420423–3–0.789103–14–13.6
DB Cargo15670+86+123–1–96+95–99.0
DB InfraGO 1)593335+258+77.0–66–202+136–67.3
DB Energy13090+40+44.49152+39+75.0
Subsidiaries / Other 1)461308+153+49.7158–13+171
Consolidation 1)–50–68+18–26.5–4–24+20–83.3
DB Group2,1291,398+731+52.3415–239+654
Margin (%)15.710.5+5.23.1–1.8+4.9
Capital expenditures / € millionGross capital expendituresDB-financed net capital expenditures 2)
H1ChangeH1Change
20262025absolute%20262025absolute%
DB Long-Distance559377+182+48.3558377+181+48.0
DB Regional348235+113+48.1308233+75+32.2
DB Cargo98151–53–35.191151–60–39.7
DB InfraGO6,9196,007+912+15.21,776537+1,239
DB Energy179164+15+9.16880–12–15.0
Subsidiaries / Other473390+83+21.3473390+83+21.3
Consolidation9714+839714+83
DB Group8,6737,338+1,335+18.23,3711,782+1,589+89.2
thereof investment grants5,3021,313+3,989
thereof Federal Government equity measures for financing infrastructure capital expenditures4,243–4,243–100

1) The figures for the first half of 2025 have been adjusted to reflect the reallocation of DB Projekt Stuttgart-Ulm GmbH.
2) Excluding equity increases by the Federal Government for infrastructure financing.

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