Deviations from the forecast
Outlook for the 2023 financial year / € billion | 2022 | 2023 (Mar 2023 forecast) | 2023 (Jul 2023 forecast) | 2023 |
Gross capital expenditures 1) | 15.1 | >18 | ~ 18 | 16.9 |
Net capital expenditures 1) | 6.5 | >8.5 | >8 | 7.6 |
Maturities | 2.2 | 2.4 | 2.4 | 2.4 |
Bond issues (senior) | 3.1 | >3 | >3 | 3.0 |
Net financial debt as of Dec 31 | 28.8 | >33 | >33 | 34.0 |
1) Value for 2022 adjusted due to reclassification of DB Arriva.
Overall, development in 2023 was in line with our expectations.
- Due to delays, gross capital expenditures were slightly below our expectations.
- Indebtedness increased significantly as forecast, as cash outflows for capital expenditures and working capital increased.
