Development in the first half of 2019
- Increased revenues from price and volume effects.
- Higher expenses particularly for personnel and maintenance have a detrimental effect on the development of the operating profit.
- Capital expenditures increased further at a high level
DB Netze Track | H1 | Change | |||
2019 | 2018 | absolute | % | ||
Punctuality DB Group (rail) in Germany (%) | 94.2 | 93.9 | – | – | |
Punctuality (rail) in Germany1) (%) | 93.6 | 93.3 | – | – | |
Train kilometers on track infrastructure | 542.3 | 539.3 | + 3.0 | + 0.6 | |
thereof non-Group railways | 179.9 | 172.2 | + 7.7 | + 4.5 | |
Share of non-Group railways (%) | 33.2 | 31.9 | – | – | |
Total revenues (€ million) | 2,803 | 2,720 | + 83 | + 3.1 | |
External revenues (€ million) | 812 | 754 | + 58 | + 7.7 | |
Share of total revenues (%) | 29.0 | 27.7 | – | – | |
EBITDA adjusted (€ million) | 708 | 815 | – 107 | – 13.1 | |
EBIT adjusted (€ million) | 379 | 483 | – 104 | – 21.5 | |
Gross capital expenditures (€ million) | 2,875 | 2,634 | + 241 | + 9.1 | |
Net capital expenditures (€ million) | 636 | 545 | + 91 | + 16.7 | |
Employee as of Jun 30 (FTE) | 48,021 | 46,371 | + 1,650 | + 3.6 | |
1) Non-Group and DB Group train operating companies.
The punctuality of both non-Group and DB Group TOCs was increased as a result of the measures from the Agenda for a Better Railway. However, weather-related difficulties µ9 in June had a noticeably dampening effect.
Train kilometers on track infrastructure rose particularly due to higher demand from non-Group customers (in particular in regional transport) and from DB Long-Distance. The low demand of DB Group customers in freight and regional transport had a dampening effect.
Economic development is challenging. In particular higher expenses for personnel and maintenance caused the operating profit figures to decrease.
- Revenues developed better, thanks to demand increases and price effects.
- Other operating income (– 13.2%/€ – 60 million) decreased due to drop in income from a sale of land and lower refunds for project expenses.
On the expense side, there was a noticeable additional burden particularly in personnel expenses:
- Cost of materials (+ 5.7%/€ + 49 million) increased, among other things, due to increased expenses for maintenance measures which were tackled earlier than planned due to the mild winter and volume-related higher energy expenses.
- Personnel expenses (+7.7%/€ +111 million) increased as a result of the collective agreement and the higher number of employees.
- The increase in other operating expenses (+3.7%/€ +19 million) resulted, among other things, from a volumerelated increase in education and IT services. In addition, higher project expenses and price effects had an effect.
- Depreciation (–0.9%/€ –3 million) was nearly at the level of the first half of 2018.
The capital expenditure volume increased noticeably. This was the result of higher capital expenditures in the existing network.
The number of employees rose mainly due to new hires to cover demand and ensure succession, particularly in maintenance, construction projects and operations.