Development of DB Group

• Progress expected in the implementation of the modernization program and Group restructuring.
• Revenue and profit development expected to be positive.
• Development of debt coverage expected to be stable.

Our forecasts for the development of DB Group and the business units in the 2026 financial year are based on our expectations of developments in the market, competition and environment, and the implementation success of the planned measures.

The business development of DB Group in 2026 is expected to continue to be characterized by burdens due to high energy, procurement and personnel costs. In addition, quality assurance and quality improvement measures, particularly in the rail infrastructure, have an impact on the development of DB Group. Economic development in Germany and Europe is likely to have bottomed out, meaning that slight supporting effects are expected. Countermeasures should have a positive effect.