DB Schenker 2024 revenue at €19.2bn
Schenker sale to DSV to be closed this year; DB Group closed 2024 with an adjusted EBIT of - €333 million.
DB Schenker, the logistics subsidiary of Deutsche Bahn, reported revenue of €19.2 billion for 2024, and an adjusted operating profit (EBIT) of €1.1 billion.
Jochen Thewes, Chief Executive Officer and Chairman of the Board, DB Schenker says in a LinkedIn post: "Of course, none of this would be possible without the incredible efforts of our people. A big thank you to our employees for their dedication and hard work. We are truly on the way to tomorrow in every sense of the phrase – in the way we conduct business, the solutions we provide to customers, and our even stronger future combined company set-up. Our successes – past, present, and future – will always be powered by our people, powered by you."
The sale of DB Schenker to DSV is likely to be concluded this year, DB Group said during the announcement of 2024 results.
DB Group closed 2024 with an adjusted EBIT of - €333 million compared to - €2.2 billion in 2023, an improvement of about €1.8 billion. Revenue at €26.2 billion remained roughly on the level of the previous year (up 0.4 percent).
"All figures for the 2024 financial year refer to DB Group excluding its logistics business unit DB Schenker, which is to be sold, and the European local transport subsidiary DB Arriva, which was sold in May 2024."
Richard Lutz, Chairman of the Management Board and CEO, DB Group says: "Deutsche Bahn is facing its most serious crisis since the German rail reform. We are far from achieving our goals and far from meeting our customers' expectations in key areas."
Including the significantly increased Government funding, DB Group invested €18.2 billion in 2024, primarily in infrastructure.
"The sale of DB Schenker will reduce our indebtedness and interest burden. This will allow us to concentrate better on our core business of rail operations," says Levin Holle, CFO, DB Group.
Net financial debt of DB Group (including DB Schenker) as of December 31, 2024 was €32.6 billion, down €1.4 billion year over year.
2025 outlook
DB Group expects revenues to grow to more than €27 billion in 2025 with a positive adjusted EBIT. Net financial debt is expected to decrease to between €26-28 billion.
