Interim Group management report
|Selected key figures|
|Passengers rail and bus*||1.380||1.362||+ 18||1,3|
|Volume sold rail passenger transport|
|Volume sold bus transport|
|Volume sold rail freight transport|
|Shipments in European land transport|
|Air freight volume (export)|
|Ocean freight volume (export)|
|Net financial debt as of|
Jun 30, 2011/Dec 31, 2010
|Gross capital expenditures||569||420||149||35,5|
|Net capital expenditures||564||406||158||38,9|
* Excluding Arriva.
** Preliminary figures.
During the first half of 2011 DB Mobility Logistics Group (DB ML Group) was once again able to post significant increases in volume sold in certain segments and stayed on track for growth in an economic environment that remained dynamic. This applied in particular to rail freight transport as well as our worldwide transport and logistics activities, which continued to benefit from favorable global economic development. Development noted for our air freight activities in the first half of 2011 remained stable following the rapid growth rates posted in the previous year as this area of business recovered very quickly from the economic and financial crisis.
Our business units in passenger transport – excluding activities of Arriva – showed a generally stable performance. Gains were noted in the regional rail passenger transport while volume sold in long-distance transport contracted slightly in the first half of 2011 due to burdens generated by intensive construction work within the network, uncertainty among our customers due to the possibility of strikes, and the omission of one-time effects noted in the first half of 2010.
Increased volume posted for rail freight transport and in the DB Schenker Logistics business unit were also reflected in a substantial increase in revenues,
Changes in the scope of consolidation also impacted on the income situation in the first half of 2011. Specifically, the inclusion of Arriva, a British passenger transport company, which was completely acquired at the end of August 2010, generated a significant contribution to revenues of about € 1.5 billion. Furthermore, following this acquisition, changes were made to the DB ML Group’s organizational structure which took effect as of January 1, 2011.
The overall development of profits was favorable in the period under review. As in the respective previous year’s period, development of DB ML Group was barely influenced by special items during the period under review. The adjusted profit figures and the adjusted profit and loss statement do not include special items for the period under review and the same year-ago period.
Due to the favorable economic development noted by the business units, in particular, net profit improved substantially.
We were able to notably increase our value management key figure, ROCE, in the period under review due to the substantially higher adjusted EBIT figure.
Overall development noted in the individual business units was favorable in the first half of 2011. Detailed information about the performance of the individual business units may be found in the chapter Business units.
As planned, we continued to move ahead with our Customer and Quality Initiative in the first half of 2011. Our Marketing, Engineering and Capex initiatives were also successful.
During the period under review capital expenditures rose and were driven by measures in the Capex initiative.
As of June 30, 2011, net financial debt was slightly below the figure posted on December 31, 2010.
As part of Deutsche Bahn Group (DB Group), DB ML Group again had the opportunity to obtain attractive refinancing within the framework of DB Group’s financing activities. This meant that we obtained loans at attractive terms to refinance maturing financial debt.
Last modified: 04.08.2011