DB Group continues success in third quarter
Best year in the history of DB
Significant increase in traffic performance / Revenues go up by 19 per cent / EBIT rises to around EUR 1.5 billion
Berlin, Germany – During the third quarter, Deutsche Bahn AG continued its positive business development experienced during the first half of the year. Traffic performance, revenues and profits continued to rise. Significant growth in passenger and freight transport – as well as in international logistics – made a decisive contribution to the 19 per cent – or EUR 3.5 billion – higher revenues, bringing them to a total of EUR 22 billion during the first nine months of 2006 (comparison period in 2005: EUR 18.5 billion). On a comparable basis, i.e. without including the recently acquired US logistics company BAX Global, the increase in revenues was 7.9 per cent.
The operating result (EBIT – Earnings before Interest and Taxes) continued to rise, and after just nine months, currently stands at around EUR 1.5 billion, well above the total for the whole of 2005. And the fourth quarter is traditionally the strongest for DB. “With this consistently positive development, we will be continuing our success story in the 2006 financial year. It will be the best year in the history of Deutsche Bahn,” said DB CEO and Chairman of the Management Board Hartmut Mehdorn.
In the first nine months, traffic performance in the rail passenger transport sector increased by 4 per cent, to 55.8 billion passenger kilometres. This meant that we were able to expand our market share in what is overall a stagnating passenger transport market. Traffic performance in the rail freight transport sector increased by 11 per cent to 72.1 billion tonne-kilometres. Rail transport in Germany – including DB’s competitors – showed a double-digit growth rate in both passenger and freight transport.