Capital expenditures
Capital expenditures / € million | 2023 | 2022 | Change | |
absolute | % | |||
Gross capital expenditures 1) | 16,867 | 15,098 | +1,769 | +11.7 |
thereof Integrated Rail System | 15,917 | 14,152 | +1,765 | +12.5 |
Investment grants 1) | 9,289 | 8,574 | +715 | +8.3 |
thereof Integrated Rail System | 9,286 | 8,574 | +712 | +8.3 |
Net capital expenditures 1) | 7,578 | 6,524 | +1,054 | +16.2 |
thereof Integrated Rail System | 6,631 | 5,578 | +1,053 | +18.9 |
1) Value for 2022 adjusted due to reclassification of DB Arriva.
Gross capital expenditures increased significantly, driven by higher capital expenditures to improve the quality and availability of the track infrastructure in the Integrated Rail System. DB Long-Distance continued to invest at the high level of the previous year, particularly in the vehicle fleet. DB Schenker’s capital expenditure activities (especially leasing assets in Europe, America and Asia) were also at the previous year’s level. In rail freight and local passenger transport, capital expenditures in the vehicle fleet declined due to performance and tenders.
Investment grants, which are almost exclusively attributable to the Integrated Rail System, increased as a result of higher capital expenditures in the new construction and expansion of the rail network.They accounted for about 55% of gross capital expenditures (previous year: about 57%).
Net capital expenditures increased significantly, driven by the development of the Integrated Rail System. This was primarily due to the implementation of additional measures to improve the quality and availability of infrastructure, particularly at DB Netze Track. The main driver was the pre-
financing of measures for the Federal Government.
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.
Values for 2022 adjusted due to reclassification of DB Arriva.