Outlook
Expectations for economic development in 2026 largely unchanged.
Punctuality remains under pressure due to the challenging operational situation.
A higher reduction in absolute Scope 1 and 2 greenhouse gas emissions is expected compared to the 2019 base year.
| Anticipated development | 2025 | 2026 (Mar forecast) | 2026 (Jul forecast) |
|---|---|---|---|
| Revenues adjusted (€ billion) | 27.0 | ~28 | ~28 |
| EBIT adjusted (€ billion) | 0.3 | ~0.6 | ~0.6 |
| Net profit / loss for the year 1) (€ billion) | –2.3 | – | >0 |
| ROCE (%) | 0.6 | ~1 | ~1 |
| Debt coverage (%) | 13.4 | ~13 | ~13 |
| Net financial debt as of Dec 31 (€ billion) | 20.7 | – | <26 |
1) Excluding discontinued operations.
Based on the development in the year to date and the current estimates for the second half of 2026, we have not adjusted our expectations for full-year 2026 with regard to the financial key figures.
The opportunities and risks as of June 30, 2026, for the EBIT forecast for the 2026 financial year are set out in the Opportunity and risk report.