Slight deviations from the projected financial position and asset situation
Outlook for 2018 financial year (€ billion) | 2017 | 2018 | 2018 | 2018 | |
Gross capital expenditures | 10.5 | >12 | ~12 | 11.2 | |
Net capital expenditures | 3.7 | >4.5 | ~4.5 | 4.0 | |
Maturities | 2.1 | 2.2 | 2.2 | 2.2 | |
Bond issues | 2.0 | ≤3.0 | 3 | 2.9 | |
Cash and cash equivalents as of Dec 31 | 3.4 | ~3 | ~3 | 3.5 | |
Net financial debt as of Dec 31 | 18.6 | ≤20 | ≤20 | 19.5 | |
Capital expenditures were slightly lower than forecasted. In particular, vehicle capital expenditures at DB Regional and DB Long-Distance were not as high as expected, resulting in rather lower net capital expenditures than forecast.
With respect to DB Groupʼs financial position, actual developments in the year under review corresponded with our forecast for maturities and bond issues.
The account balance of cash and cash equivalents at year-end 2018 developed slightly better than expected as a result of lower than expected capital expenditures.
Net financial debt developed slightly better than expected.