Comparability with the previous year
New business unit DB InfraGO
At the end of December 2023, the merger of DB Netz AG and DB Station&Service AG to form the oriented towards the common good rail infrastructure company DB InfraGO AG took effect. The name is an abbreviation of “Infrastruktur GemeinwohlOrientiert” (infrastructure oriented towards the common good). DB InfraGO AG remains part of DB Group. The former DB Netze Track and DB Netze Stations business units are merged into the new DB InfraGO business unit from 2024.
Sale of DB Arriva
Following completion of the portfolio reorganization of DB Arriva in 2023, DBAGhad signed an agreement with I Squared Capital on October 19, 2023, for the sale of all remaining DB Arriva national companies. The transaction met the customary closing conditions and received final approval from the relevant regulatory authorities and was completed on May 31, 2024.
DB Arriva was no longer included as a business unit/segment in DBGroup’s reporting as early as 2023, but as a discontinued operation.
Further information about changes in the scope of consolidation is presented in the consolidated financial statements.
Agreement on the sale of DB Schenker
After the Management Board of DBAG signed a contract for the sale of DB Schenker to the Danish transport and logistics group DSV on September 13, 2024, the Supervisory Board of DBAG also approved the sale on October 2, 2024. At the same time, the Federal Government granted the approval required for the transaction in accordance with the Federal Budget Code (Bundeshaushaltsordnung; BHO). The sale is expected to be completed following receipt of all regulatory approvals in 2025.
Due to the expected disposal, DB Schenker has no longer been reported as a business unit/segment in DB Group’s reporting system since 2024, but is instead reported as a discontinued operation. The previous year’s figures (with the exception of the consolidated balance sheet) were adjusted accordingly.
- As a result of the change in presentation, the income items (mainly revenues: € –19.2 billion), expense items (mainly cost of materials: € –11.8 billion and personnel expenses: € –4.0 billion) and profit figures (EBIT adjusted: € –1.1 billion) are at a significantly lower level. This also applies to individual items in the cash flow statement, particularly in the calculation of cash flow from operating activities (€ –0.7 billion). Due to the adjustment of the previous year’s figures, the figures have been adjusted for these effects and are comparable without restrictions.
- In the balance sheet, all non-Group assets and liabilities of DB Schenker were reclassified as current assets and liabilities held for sale. This results in a shift from non-current to current assets and liabilities. Comparability of individual balance sheet items is limited in this regard.
- The regional diversification of our key figures has changed significantly; our activities in Germany have become even more relevant.
Following the reclassification of DB Schenker, the continuing operations of DB Group include the remaining five business units and the Other area.
Further information about changes in the scope of consolidation is presented in the consolidated financial statements.