Capital expenditures
Capital expenditures
Capital expenditures / € million | 2022 | 2021 | Change | 2019 | |
absolute | % | ||||
Gross capital expenditures | 15,353 | 15,387 | –34 | –0.2 | 13,093 |
thereof Integrated Rail System 1) | 14,152 | 14,278 | –126 | –0.9 | 11,713 |
Investment grants | 8,603 | 9,045 | –442 | –4.9 | 7,447 |
thereof Integrated Rail System | 8,574 | 9,027 | –453 | –5.0 | 7,412 |
Net capital expenditures | 6,750 | 6,342 | +408 | +6.4 | 5,646 |
thereof Integrated Rail System 1) | 5,578 | 5,251 | +327 | +6.2 | 4,301 |
1) Figure for 2021 adjusted due to the intra-Group reallocation of the FLS business area.
Gross capital expenditures were at the high level of the previous year. In the Integrated Rail System, higher capital expenditures, primarily in the vehicle fleet, were more than offset by somewhat lower infrastructure capital expenditures. The increase in capital expenditure activities at DB Schenker (especially leasing activities in Europe and Asia) had a supporting effect.
Investment grants, which are almost exclusively attributable to the Integrated Rail System, fell at a high level as a result of lower capital expenditures on the construction and expansion of the rail network (mainly as a result of the completion of the Wendlingen—Ulm high-speed line). Accounting for about 56% of gross capital expenditures (previous year: about 59%).
Net capital expenditures increased. The main impact on the Integrated Rail System was the increase in capital expenditures in vehicles at DB Long-Distance and DB Regional, as well as the construction and maintenance of stations at DB Netze Stations.
The focus of our capital expenditure activities continues to center on the Integrated Rail System for measures to improve performance and efficiency in the track infrastructure area as well as measures to develop our vehicle fleet.