Print page
Development in the year under review
- Decline in demand for electricity and diesel products.
- Sales price effects and positive price development in energy procurement led to a significant improvement in operating profit.
- Share of renewable energies in the DB traction current mix rose again
DB Netze Energy | 2019 | 2018 | Change |
| ||
absolute | % | |||||
| Supply reliability (%) | 99.99 1) | 99.99 1) | – | – | 99.99 1) |
Customer satisfaction 2) (SI) | 78 | 78 | – | – | – | |
| Customer satisfaction, traction current and diesel 2) (SI) | 71 | 75 | – | – | – | |
| Customer satisfaction, electricity and gas plus (intra-Group customers) 2) (SI) | 78 | 79 | – | – | – | |
| Customer satisfaction, electricity and gas plus (non-Group customers) 2) (SI) | 86 | 81 | – | – | – | |
| Traction current (16.7 Hz and direct current) (GWh) | 7,986 | 8,245 | – 259 | – 3.1 | 8,284 | |
| Traction current pass-through (16.7 Hz) (GWh) | 1,566 | 1,576 | –10 | –0.6 | 1,906 | |
| Stationary energy (50 Hz and 16.7 Hz) (GWh) | 14,932 | 18,196 | – 3,264 | – 17.9 | 19,331 | |
| Diesel fuel (million l) | 410.6 | 429.6 | – 19.0 | – 4.4 | 436.1 | |
| Total revenues (€ million) | 2,812 | 2,850 | – 38 | – 1.3 | 2,794 | |
| External revenues (€ million) | 1,308 | 1,350 | – 42 | – 3.1 | 1,301 | |
EBITDA adjusted (€ million) | 128 | 87 | + 41 | + 47.1 | 141 | |
EBIT adjusted (€ million) | 43 | 21 | + 22 | + 105 | 72 | |
| Gross capital expenditures (€ million) | 193 | 187 | + 6 | + 3.2 | 177 | |
| Net capital expenditures (€ million) | 61 | 65 | – 4 | – 6.2 | 53 | |
| Employees as of Dec 31 (FTE) | 1,772 | 1,734 | + 38 | + 2.2 | 1,721 |
| Employee satisfaction (SI) | – | 3.8 | – | – | – | |
| Employee satisfaction – follow-up workshop implementation rate (%) | 100 | – | – | – | 100 | |
| Share of women as of Dec 31 (%) | 13.3 | 13.8 | – | – | 13.5 | |
| Share of renewable energies in the DB traction current mix (%) | 60.1 | 57.2 | – | – | 44.0 |
1) Preliminary figure (not rounded).
2) No survey conducted in 2017.
Supply reliability remained at its previous high level. Customer satisfaction was also stable at a very good level. Competence and reliability were assessed very positively across all product areas. Improvements arose in particular in the areas of tank and stationary energies. In the area of traction current, as a result of Vdelays in the settlement process a slight overall decline was recorded.
Development declined in volume terms:
- Sales of traction current decreased. The development was driven by the lower demand from intra-Group customers, particularly in freight and regional transport.
- The traction energy that was conducted for non-Group customers was close to the previous year’s level.
- In the stationary energy area, sales volume declined significantly. This was mainly due to lower optimization measures on the energy market and a slight decline in operating business in the industrial customer sector.
- Demand for diesel fuels was below the previous year’s level due to the development of intra-Group customers in freight and regional transport.
Economic development was significantly positive. The vol-ume-related decline in income was more than offset by lower energy procurement expenses. The operating profit figures improved.
- Revenues declined slightly. Volume-related declines, particularly in the areas of traction current and stationary energy, were not completely offset by higher sales prices.
- The decline in other operating income (–5.7%/€ –5 million) resulted from the absence of positive one-off effects from the previous year and lower insurance income.
On the expenses side, the demand-driven lower energy-related expenses were particularly important.
- Cost of materials (–3.3%/€ –86 million) declined, mainly due to declining energy expenses due to lower procurement volumes. Lower procurement prices for diesel fuel had a supportive effect.
- Personnel expenses (+4.8%/€ +6 million) increased as a result of collective bargaining agreements and a higher number of employees.
- The decrease in other operating expenses (–3.8%/€ –5 million) resulted from the IFRS 16 effect (opposite effect in depreciation). Higher expenses from the impairment of receivables had a partially offsetting effect.
- Depreciation (+28.8%/€ +19 million) increased due to the IFRS 16 effect.
Gross capital expenditures increased mainly due to the renewal of traction current switchgears and other energy supply systems. Higher investment grants as part of the LuFV for the maintenance of the traction current infrastructure led to a slight decline in net capital expenditures.
The number of employees increased slightly as a result of increased regulatory requirements.
Employee satisfaction is measured every two years. In the year under review, the focus was on follow-up processes to the 2018 survey. The follow-up workshop implementation rate was stable at a very high level.
The share of women decreased slightly.
The share of renewable energies in the DB traction current mixcontinued to increase.