Capital expenditures increased significantly

The increase in gross capital expenditures was mainly due to expenditures on track infrastructure and vehicles. In addition, extensions to rental agreements, which are valued as finance leases, had the effect of increasing capital expenditures. Investment grants also increased significantly. They are unchanged at about 64% of gross capital expenditures (previous year: 64%).

The increase in net capital expenditures was largely driven by DB Cargo (primarily procurement of locomotives and freight cars and capitalization of self-generated software) and the Other division (primarily extensions to rental agreements). At DB Long-Distance, capital expenditures increased slightly at a high level because of further additions of ICE 4 and IC 2 trains. By contrast, net capital expenditures at DB Regional and DB Netze Track in particular decreased.

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