Integrated Interim Report 2019 – Germany needs a strong rail system

Opportunity and risk report

Opportunity and risk report

Our business activities are associated with opportunities as well as risks. Our business policy therefore aims to take advantage of opportunities through our opportunity management system, while also actively managing those risks identified within the framework of our risk management system. There were no significant changes to DB Group’s risik management system (2018 Integrierter Be­­richt) in the first half of 2019. Nor were there any significant changes to DB Group’s major opportunities and risks (2018 integrated report).

The opportunities and risks analysis was performed compared to the updated anticipated Development of DB Group in 2019.

As of June 30, 2019, the risk focus of DB Group was on production and technology as well as personnel. Compared to the overall risk position as of December 31, 2018, the overall risk position in relation to the EBIT forecast for the 2019 financial year has slightly increased (€ +0.1 billion) as of June 30, 2019, but now exclusively contains only likely opportunities and risks.

  • For the forecast of the  EBIT development in the 2019 financial year, there exist risks of € 0.2 billion taking into account countermeasures (thereof very likely (vl): € 0.0 billion). These risks result mainly from the areas of production and technology as well as personnel.
  • Currently, there are no significant opportunities beyond the EBIT forecast.

Our analyses of risks, countermeasures, hedging and precautionary measures, together with the opinion of the Group Management Board based on the current risk assessment and our mid-term planning, indicate that there are no risks that, individually or jointly, could have an impact on the net assets, financial or income situation of DB Group and would pose a threat to the Group as a going concern.