Revenues further increased
Revenues (€ million) | H 1 | Change | |||
2019 | 2018 | absolute | % | ||
Revenues | 22,014 | 21,555 | + 459 | + 2.1 | |
Special items | – 1 | – 7 | + 6 | – 85.7 | |
Revenues adjusted | 22,013 | 21,548 | + 465 | + 2.2 | |
| Changes in the scope of consolidation | – 43 | – | – 43 | – | |
Exchange rate changes | – 44 | – | – 44 | – | |
Revenues comparable | 21,926 | 21,548 | + 378 | + 1.8 | |
Revenues continue to develop positively. The primarily price and performance-related increases were spread broadly across the business units.
On a comparable basis (adjusted for special items as well as changes in the scope of consolidation and exchange rate changes), revenues increased slightly less:
- The special items in the first half of 2019 were not significant. The decrease was mainly due to the lower revenue deductions related to ongoing infrastructure proceedings.
- The effects of changes in the scope of consolidation relate to DB Arriva (€ 40 million) and DB Cargo (€ 3 million).
- The effects of exchange rate changes applied to DB Schenker (€ 41 million) and DB Arriva (€ 3 million).
Predominantly positive revenue development of the business units
| External revenues by business units (€ million) | H 1 | Change | |||
2019 | 2018 | absolute | % | ||
DB Long-Distance | 2,310 | 2,177 | + 133 | + 6.1 | |
DB Regional | 4,361 | 4,325 | + 36 | + 0.8 | |
DB Arriva | 2,687 | 2,702 | – 15 | – 0.6 | |
DB Cargo | 2,141 | 2,112 | + 29 | + 1.4 | |
DB Schenker | 8,491 | 8,301 | + 190 | + 2.3 | |
DB Netze Track | 812 | 754 | + 58 | + 7.7 | |
DB Netze Stations | 303 | 297 | + 6 | + 2.0 | |
DB Netze Energy | 640 | 628 | + 12 | + 1.9 | |
Other | 280 | 252 | + 28 | + 11.1 | |
Consilidation | –12 | – | –12 | – | |
DB Group adjusted | 22,013 | 21,548 | + 465 | + 2.2 | |
The revenue development of the business units was positive, aside from DB Arriva. DB Schenker, DB Long-Distance and DB Netze Track had the greatest share of the growth.
Revenue structure unchanged
At the level of the business units, there were no significant changes in the revenue structure.
| External revenues by regions (€ million) | H 1 | Change | |||
2019 | 2018 | absolute | % | ||
germany | 12,457 | 12,204 | + 253 | + 2.1 | |
Europe (excluding Germany) | 6,836 | 6,745 | + 91 | + 1.3 | |
Asia/Pacifikc | 1,504 | 1,447 | + 57 | + 3.9 | |
North America | 947 | 885 | + 62 | + 7.0 | |
Rest of world | 269 | 267 | + 2 | + 0.7 | |
DB Group adjusted | 22,013 | 21,548 | + 465 | + 2.2 | |
Revenue development in the individual regions was positive:
- In Germany, revenues increased noticeably. This in particular resulted from increases in DB Long-Distance and in the infrastructure. DB Regional and DB Cargo also grew.
- Revenues in Europe (excluding Germany) benefited from positive effects, including volume increases at DB Schenker and the omission of operating restrictions in the first half of 2018 at DB Arriva. Among other things, development in rail transport in Great Britain had a negative effect.
- Revenues in the Asia/Pacific and North America regions increased on account of exchange rate effects and as a result of the business development at DB Schenker.
Transition to the adjusted statement of income (€ million) | H 1 | Change | |||||||||||
2019 | Reclassifications | Adjust- | 2019 adjsuted | 2018 | absolute | thereof due to changes in the scope of con- solidation | thereof due to exchange- rate effects | thereof IFRS 16 effects | % | ||||
| IFRS com- pound- ing/dis- counting | Net invest- | PPA amorti- | |||||||||||
| Revenues | 22,014 | – | – | – | –1 | 22,013 | 21,548 | + 465 | +43 | +44 | – | + 2.2 | |
Inventory changes and other internally produced and capitalized assets | 1,490 | – | – | – | – | 1,490 | 1,446 | + 44 | – | +0 | – | + 3.0 | |
Other operating income | 1,118 | – | – | – | –2 | 1,116 | 1,204 | – 88 | +1 | +0 | – | – 7.3 | |
| Cost of materials | – 10,877 | – | – | – | 1 | – 10,876 | – 10,743 | – 133 | –13 | –18 | – | + 1.2 | |
| Personel expenses | – 8,998 | – | – | – | 96 | – 8,902 | – 8,423 | – 479 | –12 | –18 | – | + 5.7 | |
Other operating expenses | – 2,309 | – | – | – | 2 | – 2,307 | – 2,728 | + 421 | –2 | –6 | +459 | – 15.4 | |
EBITDA/EBITDA adjusted | 2,438 | – | – | – | 96 | 2,534 | 2,304 | + 230 | +17 | +2 | +459 | + 10.0 | |
| Depreciation | – 1,809 | – | – | 32 | – | – 1,777 | – 1,330 | – 447 | –13 | –1 | –439 | + 33.6 | |
Operating profit (EBIT) | EBIT adjusted | 629 | – | – | 32 | 96 | 757 | 974 | – 217 | +4 | +1 | +20 | – 22.3 | |
Net interest income | | – 345 | 11 | – | – | 1 | – 333 | – 315 | – 18 | –1 | –0 | –33 | + 5.7 | |
Operating income after interest | 284 | 11 | – | 32 | 97 | 424 | 659 | – 235 | +3 | +1 | –14 | – 35.7 | |
Result from investments accounted | – 4 | – | 4 | – | – | – | 8 | – 8 | – | – | – | – 100 | |
| Other financial result | – 3 | –11 | –4 | – | – | – 18 | – 13 | – 5 | –3 | –3 | – | + 38.5 | |
| PPA amortization of customer contracts | – | – | – | –32 | – | – 32 | – 30 | – 2 | – | –0 | – | + 6.7 | |
Extraordinary result | – | – | – | – | –97 | – 97 | – 64 | – 33 | – | –0 | – | + 51.6 | |
Profit before taxes on income | 277 | – | – | – | – | 277 | 560 | – 283 | +0 | –2 | –14 | – 50.5 | |