Net capital expenditures increased significantly

The increase in gross capital expenditures resulted above all from significantly higher capital expenditures in vehicles. The investment grants fell in line with our plan. They accounted for about 54% (in the first half of 2017: about 64%) of gross capital expenditures. We expect a further significant increase during the second half of the year.

The increase in net capital expenditures was largely driven by DB Long-Distance (mainly capital expenditures in new ICE 4 trains) and DB Regional (capital expenditures in trains according to tenders won). 

Our capital expenditure activities focused especially on measures to improve performance and efficiency in the area of track infrastructure and the rejuvenation of our fleet. The structure of our gross capital expenditures shifted in favor of passenger transport, mainly because of higher capital expenditures on rolling stock.

Regional focus unchanged in Germany

In the regional breakdown of gross capital expenditures, the focus remained on Germany. Here, the increase is in particular attributable to higher vehicle capital expenditures at DB Long-Distance and DB Regional. In contrast, investment grants for infrastructure declined temporarily.

In Europe (excluding Germany), capital expenditures declined due to a fall in bus purchases at DB Arriva in Great Britain. This was partially offset by higher vehicle capital expenditures at DB Arriva in Sweden and the Netherlands.

The significant increase in Asia/Pacific resulted, among other things, from capital expenditures in logistics centers.