Development of DB Group

• Progress in implementing the Strong Rail strategy, capital expenditure activities continue to increase.
• High levels of uncertainty regarding the momentum of the recovery process in 2021.
• Profit development probably significantly above previous year’s level.

Our forecasts for the development of DB Group and the business units in the 2021 financial year are based on our expectations of developments in the market, competition and environment, and the implementation success of the planned measures.

The business development of DB Group is also expected to be significantly influenced in the 2021 financial year by the further development of the Covid-19 pandemic, the length and intensity of which are currently unforeseeable. Consequently, the following forecasts are subject to greater uncertainty than in previous years.