Development in the first half of 2019
- Demand increase due to additional traffic and more frequent services.
- Drag on profits occurred due to an increase in expenses for more basic quality in personnel and maintenance.
- Stable, slightly positive rental business.
DB Netze Stations | H1 | Change | |||
2019 | 2018 | absolute | % | ||
Facility quality (grade) | 2.89 | 2.89 | – | – | |
Station stops (million) | 76.2 | 75.1 | + 1.1 | + 1.5 | |
thereof non-Group railways | 19.4 | 18.2 | + 1.2 | + 6.6 | |
Total revenues (€ million) | 680 | 668 | + 12 | + 1.8 | |
thereof station revenues (€ million) | 451 | 437 | + 14 | + 3.2 | |
thereof rental (€ million) | 204 | 200 | + 4 | + 2.0 | |
External revenues (€ million) | 303 | 297 | + 6 | + 2.0 | |
EBITDA adjusted (€ million) | 201 | 228 | – 27 | – 11.8 | |
EBIT adjusted (€ million) | 123 | 158 | – 35 | – 22.2 | |
Gross capital expenditures (€ million) | 397 | 291 | + 106 | + 36.4 | |
Net capital expenditures (€ million) | 216 | 138 | + 78 | + 56.5 | |
Employees as of Jun 30 (FTE) | 6,002 | 5,649 | + 353 | + 6.2 | |
The facility quality remains stable at a high level.
The performance development was marked by a slight increase in the number of station stops. This was mainly caused by more frequently running services and additional traffic in regional transport, driven primarily by non-Group railways.
Economic development declined: significant expense increases particularly in maintenance and personnel exceeded the increases on the income side.
- The increase in revenues was primarily caused by priceand service-based higher station revenues. The revenues from rental and leasing developed positively due to lower vacancy rates, among other things. Growth in external revenues reflects the growing market share of non-Group railways.
- Other operating income (+2.9%/€ +2 million) increased slightly due to higher income from the leasing of advertising spaces (billboards).
On the expense side, cost of materials and personnel expenses increased to achieve more basic quality:
- Cost of materials (+10.7%/€ +28 million) increased for more maintenance and station support measures. In addition, the increase in energy costs had an effect.
- Personnel expenses (+9.7%/€ +16 million) increased as a result of the collective agreement and the higher number of employees.
- The increase in other operating expenses (+3.8%/€ +4 million) resulted, among other things, from an increase in IT services and higher project costs.
- Depreciation increased (+11.4%/€ +8 million) as a result of higher capital expenditures.
The higher capital expenditure volume was primarily the result of the renovation of existing stations and qualityenhancing projects.
The number of employees increased mainly due to more personnel particularly in the areas of construction and facilities management.