Financial key figures
| Anticipated development | 2025 | 2026 |
|---|---|---|
| Revenues adjusted (€ billion) | 27.0 | ~ 28 |
| EBIT adjusted (€ billion) | 0.3 | ~ 0.6 |
| ROCE (%) | 0.6 | ~1 |
| Debt coverage (%) | 13.4 | ~13 |
- Income situation:
- The economic development of DB Group should continue to improve in 2026 and revenues should increase slightly.
- We expect to see a further improvement in operating profit (EBIT adjusted) in 2026. The improvement is being driven by positive development, particularly at DB InfraGO, DB Long-Distance and DB Cargo.
- We expect the improved operating profit development to lead to an improvement in ROCE.
- In 2026, we expect debt coverage to stabilize as a result of an improved operating profit accompanied by higher net financial debt.
- Financial position and asset situation:
- Bonds are expected to be issued again in 2026, after we did not issue any bonds in 2025 due to the sale of DB Schenker. We will be able to take out short-term loans under committed facilities also in 2026. We continue to have adequate financing scope for our capital market activities from our debt issuance programs and our commercial paper program. In addition, guaranteed credit facilities serve as a fallback in the event of disruption to capital market access. Our short- and medium-term liquidity supply is therefore also secure in 2026.