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 | 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.
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.