Events after the balance sheet date

Cessation of Arriva Rail North Franchise

On January 29, 2020 the British Secretary of State for Transport announced the transfer of the Arriva Rail North franchise (ARN) to the state-­owned Operator of Last Resort (OLR). There were many issues affecting ARN which were largely outside of the direct control of DB Arriva. These included the ongoing, late delivery of major infrastructure upgrades and prolonged strike action. This has had a significant adverse impact on ARN, both in terms of services and financial performance.

To ensure the transition on March 1, 2020, DB Arriva has worked very closely together with the Department of Transport (DfT) and the OLR. The settlement negotiations between ARN and its main creditors (DfT, Deutsche Bahn and other suppliers) regarding a final economic settlement of open claims are ongoing.

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