Opportunity and risk report


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 profit and loss.

These regulations govern, among other things, the individual components of the pricing systems and general terms and conditions applied by our rail infrastructure companies. There are risks of complaints and intervention in this regard. Measures that threaten or even prevent DB Group from attaining reasonable yields in its 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.

With regard to risks from changed legal and regulatory framework conditions at a national and international level, we are bringing our position into the preceding discussions and debates. If political or regulatory risks occur, countermeasures are implemented at the corporate level, where possible, in order to minimize the potential negative effects on corporate goals and transport growth.

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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