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Transport giant Deutsche Bahn presents impressive mid-year financial report

The global transportation group Deutsche Bahn delivers a good mid-year financial report for 2017 with growth in revenue, result, number of passengers and number of shipments.

The Managing Director of the company Dr. Richard Lutz says: ‘Our Zukunft Bahn-program has heightened our quality and our customers are rewarding us for it.’ There is also great progress at the subsidiaries DB Schenker and Arriva.

DB has set new record in the number of passengers over long distances and transported more than 68 million persons in the first six months of 2017, which is an improvement of 1.6 million passengers.

The total income at DB has risen by 1.0 billion to a total of 21.1 billion € which is an increase of 5.2%. Earnings before interest and taxes (EBIT) have risen by 17.1% to 1.18 billion €. ‘Our numbers from first half of the year shows that we are on the right track,’ says Dr. Richard Lutz, Managing Director of Deutsche Bahn: ‘Zukunft Bahn, our multi-year quality improvement program, raises the quality, and our customers are rewarding us for it.’

Dr. Lutz was satisfied with the positive development in on-time commitments in DB’s passenger traffic over long distances, but noted that DB also has challenges: ‘Our on-time performance on long distance trains is 81.0% in the first half of the year, which is a 2.6% improvement. But we are not yet satisfied with the punctuality as a whole. More must be done to improve our service and on-time performance of passenger transportation and we will continue the work that we have started, with great determination.’

The signs of growth continue at the subsidiary DB Schenker who is growing across the board, especially in airfreight (up 11.4%) and sea freight (up 8.9%). Contract Logistics leapt again and raised the revenue by 5.7% to almost 1.3 billion €. ‘We also see a very positive result- and volume improvement in Denmark’, states CEO of DB Schenker Denmark, Henrik Dam Larsen, and continues: ‘We are in a really good pattern right now and I believe the positive trend will continue.’

Also DB Arriva is making great strides. Passenger transportation grew in the first half year of 2017 by 17% to almost a billion passengers. Railroad operations grew by 22.9%, bus volume by 5%. The total income grew 5.3% or 133 million € to 2.7 billion €. Earnings before interest and taxes (EBIT) rose 3.8% to 110 million €.