DB Makes Operating Profit

DB Makes Operating Profit – World Report

GERMAN Rail (DB) improved its financial performance by Euros 286 million ($US 255.5 million) last year turning an operating loss (after interest payments) of Euros 87 million in 1999 into a profit of Euros 199 million. “Measured on the basis of passenger and freight revenue, 2000 was the best year so far since Rail Reform,” declared Mr Hartmut Mehdorn, chairman of DB’s board of management.

Tonne-km increased by 7.4% to 76.8 billion for DB Cargo. Railion Benelux, which was included in DB’s figures for the first time last year, added 3.8 billion tonne-km. Long-distance passenger-km increased by 2.1% to 74.4 billion compared with regional and local passenger-km which only had a 0.6% increase to 38.2 billion.

Total turnover, on a comparable basis, increased by 5% to Euros 15.5 billion. Freight income jumped by 8.2% to Euros 3.8 billion and DB made an operating profit of Euros 49 million compared with a loss of Euros 11 million in 1999. Although passenger revenue increased by 3.7% to almost Euros 11 billion, passenger operating profit fell by 26.1% to Euros 173 million. DB invested Euros 6.9 billion last year, a drop of 17.7% compared with 1999. Although passenger revenue increased by 3.7% to almost Euros 11 billion, passenger operating profit fell by 26.1% to Euros 173 million.

DB invested Euros 6.9 billion last year, a drop of 17.7% compared with 1999.

Traffic is still increasing. Results for the first quarter of 2001 show a 2.6% increase in tonne-km and a 1.3% increase in passenger-km. Turnover grew by 3.2% compared with the first quarter of 2000.

COPYRIGHT 2001 Simmons-Boardman Publishing Corporation

COPYRIGHT 2002 Gale Group