The 40 activists of the Alliance “path for All” would have on Wednesday morning probably not yet used to the board and the 100 members of the press to remember what currently anything goes wrong with the Deutsche Bahn. The people held their banners with slogans such as “Good rail instead Tunnel mania” in the blue sky at the Congress Center bcc at Alexanderplatz in Berlin, and declared in Swabian dialect among others, that the station construction project “Stuttgart 21″ not at all “been through” is. Inside at the press conference this chapter was nevertheless not worth mentioning. There were other issues.
“We have not achieved what we set out to,” CEO Rüdiger Grube said collectively the 287-page annual report. After an annual profit of at least EUR 988 million in 2014, the balance sheet for 2015 a net loss of 1.31 billion euros. It is the first loss since 2003. As “largest construction site” designated pit rail freight. The only two weeks ago in DB Cargo renamed division carried 8.8 percent fewer goods last year. The trains were a minus of 180 million euros. Reports that the company plans to close 430 of 1,500 loading points, the manager unconfirmed around mine. Not even rumors from the supervisory board, which the board wants to cut like every fourth job with DB Cargo. One was in negotiations with customers and contractor representatives, it said only.
strikes, storms, refugees
The reasons for the overall poor performance of mine referred mainly to three special factors. First, the longest strike in company history: The financial damage caused by the blockades of train drivers of the GDL, the company announced at around 310 million euros. Secondly, there had been 2015 exceptionally strong storms with “massive impact on the railway operation”. And thirdly, the train had to cope with from autumn the “big job” to carry hundreds of thousands of refugees. The cost is estimated the company not in detail.
But the web is not only next to the track because this hardly modifiable factors. This has been recognized and responded, although some traffic experts believe far too late in the middle of last year Bahn Tower at Potsdamer Platz the lead. In December, the six board members had already announced that the year would 2015 turn out badly, and presented a plan that not only hard financial data, but also factors such as severe to be measured customer satisfaction will be improved significantly by 2020. By the time men were not sparing surrounding pit with self-criticism, they took a little pressure from the boiler for the day yesterday. The figures could not really scare observers.
And they are not uniformly poor. So the business as a whole has grown: sales for all divisions (passenger rail, bus, rail freight, freight forwarding, logistics and infrastructure) rose together for the first time on the 40-billion-euro threshold. Especially in long-distance transport was the train carrying more guests – also because of the special price promotions, 19-euro tickets, for example, wants to repeat the company for success again this year. Board Berthold Huber also said it was “far too early” to think about price increases this year. Customers are very “price sensitive”, he noted. “We would do well to pick up as many passengers in the trains.” The announced for this year free reservation will postponed.
Oh, some punctuality suffered
strikes and storms went 2015 also charged to the punctuality of trains. The rate fell in long-distance transport of 76.5 percent to 74.4 percent. Thus more than one of four trains was delayed by five minutes or more. In regional transport punctuality rate fell only slightly -. 94.4 to 94.2 percent
To the announced punctuality and service campaign finance, the web has to absorb new debt this year. Net financial debt rose during the reporting period already sharply by 1.3 billion to 17.5 billion euros. End of this year are likely to even press the record 19 billion euros. Nevertheless, the company intends to re-transfer EUR 850 million dividend to the owner, the covenant. So you have no problem, explained CFO Richard Lutz, because the sum of assistance granted by the federal government, the right are likely to flow into the many infrastructure projects of the web again.
This is a topic in which the Board would like to continue but of the Supervisory Board and owner is apparently slowed down, is the target partial IPO of Subjects international shipping and passenger. In Britain, for example, the DB subsidiary Arriva is already number three in the market, profitable and continues to grow. About a sale of a minority stake in both divisions German Rail could save around 4.5 billion euros, is speculation. Confirms the boards have not corresponding estimates expected. Either way, profit for the year 2016 is currently Peile a plus in – in the amount of 0.5 billion euros
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