Outlook

Infrastructure

Overall, train-path demand is expected to see a positive trend in 2025. The planned expansion of the Sprinter lines and international long-distance passenger rail services, as well as the additional volumes ordered by the public transport authorities in local passenger rail services, will lead to increased rail traffic. A slight economic recovery is expected in freight transport. As in 2024, this will be partly offset by revenue shortfalls due to rising construction volumes, including as part of the Hamburg — Berlin and Emmerich — Oberhausen general modernizations.

In terms of the number of station stops, growth is expected for 2025. Shares of the station pricing system have been integrated into the train-path pricing system. This means revenues from station stops is set to fall, although this will be compensated for by a corresponding increase in train-path revenues. Rental income in stations will continue to develop positively and will be slightly above the level of 2024.

Sustainability indices

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