The German railway has made a substantial loss last year, despite a record turnover. The bottom line was a loss of 1.3 billion euros, as the state-owned company said.
It is the first deficit since twelve years. In 2014, the railway had posted a profit of 988 million euros. As reasons for the loss of the group called, for example, special depreciation in rail freight and special charges due to restructuring of the Group. Freight transport is considered for many years as a problem child – in this division are thousands of jobs will be lost
“does not reach have what we set out”
The traffic performance of rail freight company DB Cargo. went 2015 by 4.3 percent. But also in passenger transport it was not around. The number of travelers fell in the trains – including even commuter trains – and buses of the regional transport subsidiary DB Regio by around 30 million or 1.2 per cent to 2.5 billion. By contrast, more people traveled by long-distance trains. The number of passengers in ICEs and intercity trains increased by 2.9 million or 2.2 percent to 132 million
This is gratifying, Deutsche Bahn CEO Rüdiger Grube said at the launch of the annual accounts in Berlin, but taken as a whole to determine: “. we have not achieved what we set out” to lay the operating result significantly “affected not least by the strikes” on the previous year, the train drivers’ union GDL, he added. ” / p>
consolidated debt grow
the path named as a key figure for the current fiscal adjusted earnings before interest and tax of 1.76 billion euros. The were 350 million euros, or 16.6 percent less than the corresponding value in the previous year. The Group’s revenue increased by EUR 748 million or 1.9 percent to 40.5 billion euros. The loss incurred net financial debt grew by 1.3 billion to 17.5 billion euros.
“We must sustainably improve,” admitted Bahn CEO Grube. “Therefore, we have initiated the restructuring of the Group in the past year and the program” future path “in order for the quality to our clients felt better and thus to be economically successful.”
“Future path”
the program “future path” provides to make the trains more punctual and more attractive, as with a better control of the railway traffic, earlier error detection during grid disturbances and mobile repair and service teams. With greater efficiency, especially in the corporate headquarters, the path wants to save 700 million euros within five years.
To Grubes plans also include a partial sale of profitable foreign transport subsidiary DB Arriva and the shipping company DB Schenker Logistics. but given pending a decision of the Supervisory Board
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