Income situation

• Revenues and profits declined, despite the continuing recovery in passenger transport.
• It was mainly the normalization of freight rates that was driving revenues, but operating profit of DB Schenker remains substantially above pre-Covid-19 levels.
• High expense burdens due to the expansion of quality measures, especially for infrastructure and effects of collective bargaining agreements.
• Pre-financing of infrastructure measures for the Federal Government had a negative impact on operating profit.