Development in the first half of 2019
- Positive momentum from the market and competitive environment as well as from timetable measures and expansion of supply.
- Punctuality at the level of the first half of 2018.
- Revenues and operating profit continue to improve.
Punctuality (rail) (%)
Passengers (rail) (million)
Passengers (long-distance bus) (million)
Volume sold (rail) (million pkm)
Volume sold (long-distance bus) (million pkm)
Load factor %
Total revenues (€ million)
External revenues (€ million)
EBITDA adjusted (€ million)
EBIT adjusted (€ million)
Gross capital expenditures (€ million)
Employees as of Jun 30 (FTE)
By the end of May, it was possible to increase punctuality compared to the first half of 2018 due to the implementation of measures from the Agenda for a Better Railway. However, punctuality was only on a par with the first half of 2018 overall due to the weather-related difficulties in June.
The performance development in rail transport was predominantly positive:
- The number of passengers and the volume sold in - creased, mainly as a result of timetable measures and the extension of offers. Economic stimuli and the absence of storm effects from the first half of 2018 also had a positive effect. In contrast, high levels of construction activity in the network slowed down development.
- The increase in volume produced also resulted mainly from the expansion. The Berlin—Munich line, the Sylt route and the Essen — Stuttgart line were the main drivers.
- Despite the increase in capacity due to the expansion of supply, the load factor remained almost stable.
In bus transport, supply adjustments and growth on individual lines led to a slightly positive overall performance. The economic development is pleasing: the operating profit development improved as a result of the significant increase in revenues.
- Revenues developed better due to pricing and performance. Supportive effects also resulted from the positive economic environment.
- The increase in other operating income (+12.4%/€ +11 million) is essentially due to the sale of vehicles and compensation for damage.
On the expense side, there were noticeable additional charges:
- The increase in cost of materials (+5.4%/€ +69 million) was mainly driven by price and performance-related higher infrastructure expenses (most of all for train paths and energy) and maintenance services.
- The increased personnel expenses (+8.0%/€ +38 million) resulted from tariff increases and a higher number of employees.
- Other operating expenses (+1.5%/€ +4 million) also increased. This was mainly due to higher expenses for vehicle rentals and IT services.
- The significant increase in depreciation (+17.2%/€ +21 million) is mainly attributable to the ICE4 and IC 2 trains procured in the previous year.
Capital expenditure activity fell significantly. The temporary cessation of the acceptance of ICE4 trains and interim interruption of the redesign of ICE 3 trains in particular had an impact in this area.
The number of employees as of June 30, 2019 is performance-driven and increased based on implementation of measures for improvement of service, comfort and quality.