Opportunity and risk report Deutsche Bahn 2021


Changes to the legal framework at the national or European level could pose risks to our business. This general regulatory risk could therefore result in tangible negative effects on revenues and profit.

These regulations govern, among other things, the individual components of the pricing systems and general terms and conditions applied by our rail infrastructure company. There are risks of complaints and intervention in this regard. Measures that threaten or even prevent DB Group from attaining reasonable returns in our infrastructure business units(such as an intervention in pricing systems) can therefore threaten financing contributions by DB Group to capital ex­pen­ditures in infrastructure.

Political risks concern in particular a tightening of existing standards and regulations affecting the railways. The structure of DB Group may also be exposed to regulatory risks.

In order to respond to risks resulting from changing legal framework conditions on either a national or an international level, we take an active part in the discussions and debates that take place ahead of this type of change.

Opportunities arise from the promotion of green mobility, including to achieve government climate protection targets, such as the Climate Action Program.

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