German Rail – So Bahn CEO Grube responds to the profit loss – Süddeutsche.de

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• Winning the train breaks dramatically. Also, the train drivers’ strike is a reason for it.
• Bahn CEO Grube therefore announces a streamlining of the Executive Board at.
• In addition, the structure of the group is to be simplified.
• The main focus will pit the future be given to activities in Germany.

analysis Guido Bohsem , Berlin

Perhaps the thing with offices in Frankfurt, the clearest sign of how seriously it takes Bahn CEO Rüdiger Grube with the new course. Currently, namely, each board member two executive offices, one in the web-Tower in Berlin and one in Frankfurt headquarters. And one can assume that this also applies to their direct working staff. But that it should now be over.

Grube begins his austerity program, with which he again wants to make economical the web, to the board of. In future, the Group is managed only six boards, instead of the current eight. And yes, the Frankfurt office, the chiefs have to do without in the future.

Halbjahresbilanz winning the train drops dramatically

The group making strikes, to create storms and long distance buses. Bahn CEO Grube reacts with a group restructuring.

“The second office for Board members are resolved, and therefore our second headquarters in the Frankfurt Gallusanlage” Grube said on Tuesday in Berlin. At the press conference, the Chief of Track was ready to revamp the company. With cosmetic corrections it was not done. Courageous decisions are needed.

That something has to happen in the train, the results from the first six months of the year. Although sales of the railway increased compared to the same period last year by 1.3 percent to 20 billion euros. But this was, according to the group affected by the weak Euro exchange rate. Earnings before interest and taxes (EBIT), however, decreased by 18.2 percent. The Group thus generated only 890 million euros, about 198 million euros less than in the first half of last year.

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Massive losses by the train drivers’ strike

After Grubes words, the result would clearly looked better, if not the train drivers would strike. Overall, had the walkouts, which dragged on for months, caused an economic loss of 500 million euros. This year, the result after Grubes words around 252 million euros would have been higher, had the drivers not on strike.

“Without the strike-related effects, we would and EBIT slightly above the previous year have been” Grube said. But that should not obscure the fact that “we have structural challenges that we decided to tackle the now initiated change,” he added.

Chief Financial Officer Richard Lutz said the company was confident overall result yet of two billion euros to achieve. The goal was a result of 2.2 billion euros.

decluttering at the web

pit will not only streamline the Executive Board, but also clearing out the structure of the Group. To tackle the IPO, the Group had ordered a double-decker holding structure. Besides the DB AG for many years there was therefore the DB Mobility Logistics AG. That had bloated bureaucracy enormously.

So were twice annual, double audits and duplicate decision-making processes in the 300-000-employee company on the agenda. “With the simple holding structure, we also increase significantly the pace of decisions and overarching solutions,” Grube said.

attention to activities in Germany

Also, a different decision from the past is mine to the test. By December he wants to decide whether a share of the two railway subsidiaries Schenker Logistics AG and DB Arriva can not be sold. The two companies make essentially the foreign business for the railway from.

Group restructuring Bahn CEO Grube fired four executives

Several top managers of the web the company must leave: The numbers are not good enough.

The company Arriva was acquired after five years and Schenker to twelve years ago. The decision had not yet been made, he stressed. However, it was clear that the web would retain a majority stake in the two companies. Additional capital from such a sale would the company located. It would thus considerably more leeway for investment.

Grube announced its intention to put its attention in the future mainly due to the activities in Germany. In the remaining months of the year, you’ll take more brand-new ICE Class 407 in operation. The future ICE-generation ICx will prepare later this year on licensing procedures, and then tested for twelve months. The train will also take the quick route between Halle / Leipzig and Erfurt in operation, the next section of the high-speed line between Berlin and Munich.