EBIT

Operating profit figures / € million

EBITDA adjusted

EBIT adjusted

2022

2021

Change

2019

2022

2021

Change

2019

absolute

%

absolute

%

DB Long-Distance 

389

–1,434

+1,823

789

–39

–1,790

+1,751

–97.8

485

DB Regional 

619

218

+401

1,056

–31

–417

+386

–92.6

408

DB Cargo 1)

–257

–81

–176

13

–665

–467

–198

+42.4

–308

DB Netze Track

1,244

1,010

+234

+23.2

1,443

601

334

+267

+79.9

807

DB Netze Stations

195

160

+35

+21.9

349

29

1

+28

210

DB Netze Energy 

185

254

–69

–27.2

128

103

169

–66

–39.1

43

Other/consolidation Integrated Rail System 1)

–85

–25

–60

–162

–598

–545

–53

+9.7

–622

Integrated Rail System 1)

2,290

102

+2,188

3,616

–600

–2,715

+2,115

–77.9

1,023

DB Arriva

411

359

+52

+14.5

752

12

–73

+85

289

DB Schenker 1)

2,512

1,826

+686

+37.6

1,082

1,841

1,234

+607

+49.2

538

Consolidation other

–3

–3

–14

2

–2

–100

–13

DB Group

5,210

2,287

+2,923

+128

5,436

1,253

–1,552

+2,805

1,837

Margin (%)

9.3

4.8

+4.5

12.2

2.2

–3.3

+5.5

4.1

1) Figures for 2021 adjusted due to the intra-Group reallocation of the FLS business area.

 

Adjusted EBIT and adjusted EBITDA improved noticeably as a result. Adjusted EBIT was again positive.

  • The slightly weaker operating interest balance resulted from the development of interest rate levels. Higher ex­­pen­ses primarily in connection with pensions were largely offset by higher interest income.

Operating income after interest also improved noticeably and was positive again.

  • Net investment income remained at a very low level, and the change was mainly driven by lower losses at GHT Mobility GmbH, and profit improvements at Aquabus BV.
  • The significant increase in other financial result was mainly due to positive effects from the compounding and discounting of provisions. This was counteracted by the effects of hedge transactions concluded, which resulted in an expense on balance (previous year: income) and negative exchange rate effects.
  • The extraordinary result declined significantly and was largely driven by the significant reduction in the Covid-­19-re­­lated train-path price support implemented (2021 Integrated ­Report). The extraordinary effects in 2022 also resulted primarily from restructuring measures, the revalua­tion of provisions and transactions with subsidiaries.
Extraordinary result / € million €

2022

thereof affecting
EBIT

2021

thereof affecting
EBIT

DB Long-Distance

337

337

1,826

1,826

DB Regional

0

0

2

2

DB Cargo

–20

–20

237

237

DB Netze Track

–9

–2

–243

–201

DB Netze Stations

DB Netze Energy

–19

–19

Other/consolidation Integrated Rail System

–90

–90

–639

–639

Integrated Rail System

218

225

1,164

1,206

DB Arriva

–177

–177

1

1

DB Schenker

–6

–6

75

75

Consolidation other

1

1

11

11

DB Group

36

43

1,251

1,293

thereof reimbursementsof train-path prices

316

316

2,098

2,098

thereof depreciation of assets held for sale

–198

–198

thereof restructuring measures

–89

–89

–133

–133

thereof additions to provisions for environmental burdens

–515

–515

Profit before taxes on income was also positive again. However, the development of the income tax position had a very significant impact on development:

  • Actual income taxes rose due to higher results for some foreign Group companies (primarily at DB Schenker).
  • The high deferred tax expenditure (previous year: deferred tax income) resulted from changes in estimates regarding the future use of loss carry-forwards (due among other things to expected high burdens on profits) at DB AG. Using a shorter planning horizon also increased expenses.

The net loss for the year (loss after income taxes) recovered noticeably, but remained negative.

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Additional indicators for the assets, financial position and results of operations

Anticipated development / € billion

2022

2023

EBIT adjusted

1.3

~‒1

The economic development of DB Group in 2023 will be marked by additional burdens from the implementation of additional measures for quality stabilization and quality increases, higher energy prices and tariff developments. In addition, we expect the freight rate level at DB Schenker to normalize, as well as additional burdens from inflation. A further recovery in demand in rail passenger transport and the implementation of countermeasures will partially compensate for this.