German rail operator Deutsche Bahn (DB) Group reported a net loss of 227 million euros in 2022, compared to a loss of 911 million euros a year earlier. Railway Supply magazine writes about this with reference to Railway Technology.

DB-train

Compared to 2021, the group’s operating profit (adjusted EBIT) increased in 2022, outweighing the impact from Covid-19, soaring inflation and the war in Ukraine. This growth was driven by the strong performance of its logistics subsidiary, DB Schenker, which generated the highest operating profit in its history of €1.8 billion.

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The group’s profit before tax last year was 932 million euros, compared to a loss of 788 million euros in 2021. Revenue increased by 19.1% to 56.3 billion euros from 47 billion euros. Net capital expenditure rose by 6.4% to 6.75 billion euros, while gross capital expenditure remained almost unchanged at about 15.35 billion euros.

DB CEO Dr. Richard Lutz said: “Climate-friendly mobility is booming. Demand is good and is continuing to grow strongly. We may well set a new record in 2023, with significantly more than 150 million travellers on our long-distance trains.”

Looking ahead to 2023, DB Group forecasts operating losses of around EUR 1 billion due to additional infrastructure upgrades. The Group expects 2023 revenue (adjusted) to exceed €56 billion, gross capital expenditure to exceed €18 billion and net capital expenditure to exceed €8.5 billion.

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