2018 Integrated Interim Report – Departure into a new era!

Development in the first half of 2018

  • Increased expenses due to Group projects.
  • Increase in the number of employees to cope with enhanced workload.

Subsidiaries/other

H1

Change

2018

2017

absolute

%

Total revenues (million)

2,274

2,154

+120

+5.6

External revenues (million)

252

234

+18

+7.7

EBITDA adjusted (million)

160

113

47

+41.6

EBIT adjusted (million)

280

235

45

+19.1

Gross capital expenditures (million)

184

139

+45

+32.4

Net capital expenditures (million)

181

139

+42

+30.2

Employees as of Jun 30 (FTE)

53,386

51,291

+2,095

+4.1

Subsidiaries/other encompasses the governance func­­­tions (such as corporate development, finance or human re­sources) and the dependent service units (such as the Accounting Shared Service Center or HR services) of the holding company DB AG. This segment also bundles the legally independent service units within DB Group (such as DB Temporary Work and DB JobService) and the independent operating service units (such as DB Vehicle Maintenance or DB Systel) which provide services to several DB Group business units.

The increase in total revenues was primarily driven by higher revenues from DB Group customers, partly in connection with the growth in building and project business at DB Bahnbau and DB E&C and with the growth in project business at DB Systel.

The decrease in adjusted EBITDA and adjusted EBIT was mainly due to collective wage increases driving personnel expenses, and to project costs for measures under Railway of the Future.

The increased capital expenditures were mainly attributable to the purchase of new ticketing machines and of construction vehicles at DB Bahnbau.

The number of employees increased, partly as a result of additional recruitments for Group projects and commissions, especially at DB Systel, DB E&C, DB Vehicle Maintenance and DB Security.