Development in the year under review
- Personnel expenses increased as a result of a higher number of employees and as a result of collective bargaining agreements.
- Digitalization and Group projects advanced.
- Increased energy, rental and procurement costs place a significant burden on profits.
Subsidiaries / other | 2022 | 2021 | Change | 2019 | |
absolute | % | ||||
Total revenues (€ million) | 6,123 | 5,685 | +438 | +7.7 | 5,192 |
DB Business Services | 2 | 3 | –1 | –33.3 | 51 |
DB Operational Services | 7,035 | 6,519 | +516 | +7.9 | 5,994 |
Other/consolidation | –914 | –837 | –77 | +9.2 | –853 |
External revenues (€ million) | 696 | 593 | +103 | +17.4 | 581 |
EBITDA adjusted (€ million) | 37 | 113 | –76 | –67.3 | –62 |
EBIT adjusted (€ million) | –546 | –472 | –74 | +15.7 | –575 |
DB Business Services | –93 | –74 | –19 | +25.7 | –71 |
DB Operational Services | 130 | 217 | –87 | –40.1 | 18 |
Other | –583 | –615 | +32 | –5.2 | –522 |
Gross capital expenditures (€ million) | 724 | 815 | –91 | –11.2 | 714 |
DB Business Services | 5 | 7 | –2 | –28.6 | 5 |
DB Operational Services | 438 | 414 | +24 | +5.8 | 429 |
Other | 281 | 394 | –113 | –28.7 | 280 |
Net capital expenditures (€ million) | 717 | 809 | –92 | –11.4 | 713 |
Employees as of Dec 31 (FTE) | 59,992 | 58,345 | +1,647 | +2.8 | 55,497 |
DB Business Services | 11,455 | 11,571 | –116 | –1.0 | 12,015 |
DB Operational Services | 46,045 | 44,299 | +1,746 | +3.9 | 40,907 |
Other | 2,492 | 2,475 | +17 | +0.7 | 2,575 |
Annual average employees (FTE) | 59,193 | 58,255 | +938 | +1.6 | 54,973 |
The increase in total revenues was driven by higher revenues from intra-Group customers of DB Operational Services companies. This resulted mainly from a higher demand for digitalization and cybersecurity solutions (DB Systel), for construction projects (DB Bahnbau Group and DB E.C.O. Group) and vehicle projects (DB Vehicle Maintenance). In addition, the performance of DB Sales, DB Connect, DB Services and DB Security improved as a result of the recovery in demand for passenger transport.
Revenues from non-Group customers increased considerably at a low level. This was mainly due to increased project business (DB Bahnbau Group, DB E.C.O. Group, DB Communication Technology) and recovery-related growth at DB Connect and DB Sales.
The operating profit figures in the Other area are significantly affected by corporate management functions performed for the business units. There was no cost transfer on the business units from Group charges in 2022. The operating profit figures adjusted EBITDA and adjusted EBIT were significantly weaker, as growth in income did not keep up with the increase in expenses.
Burdens resulted, among other things, from higher personnel expenses (as a result of collective bargaining agreements and the increase in the average number of employees) and IT (DB Systel), as well as increased energy costs. Rental expenses were also above the previous year’s level. In addition, stronger effects from the impairment of stock material and increased project costs (facility infrastructure) had a negative impact on development at DB Vehicle Maintenance. Countermeasures and the positive business development, including at DB Connect, could partly offset the effects.
The decline in capital expenditures resulted mainly from less significant effects overall from extensions and amendments of existing rental and lease contracts at DB Real Estate. Delivery shortages of vehicles led to less capital expenditure activity at DB Connect in particular. In contrast, capital expenditures, primarily in the facilities infrastructure at DB Vehicle Maintenance, rose.
The number of employees increased, driven mainly by increased personnel at DB Operational Services companies, in particular in the DB E.C.O. Group, DB Systel, DB Vehicle Maintenance and DB Security resulting from expanded digitalization and quality measures, additional security requirements and an increase in the vertical range of production. On the other hand, the number of employees at DB Group’s HR service providers and corporate management fell and had the opposite effect.
