DB Schenker H1 revenue down 29%
Operating profit declined 48% to €626 million ($695 million) compared to €1.2 billion in the first half of 2022.
DB Schenker generated revenue of €10.1 billion ($11.2 billion) in the first six months of 2023, a decline of 29 percent compared to H12022. Operating profit (EBIT) declined 48 percent to €626 million ($695 million) compared to €1.2 billion in the first half of 2022.
The results of the logistics service provider remain significantly better than the last pre-Covid era figures in 2019 when half-year revenues were at €8.5 billion and EBIT at €238 million, says an official release.
“We continue our pre-pandemic growth momentum in 2023," says Jochen Thewes, CEO, DB Schenker. "Sustainability, digitalisation and geographical expansion will be our engines going forward."
All business units - land transport, air freight, ocean freight and contract logistics - performed well in the first half of 2023.
“We continue to support our customers with best-in-class sustainable logistics solutions," says Thorsten Meincke, Member of the Board of Management for Air and Ocean Freight, DB Schenker. "In the first half of 2023, we secured 11,880 tonnes of sustainable aviation fuel (SAF) and 17,000 metric tonnes of marine biofuel in cooperation with three major shipping lines at the best possible quality on the market.”
DB Group is looking at options regarding a sale of DB Schenker. "This analysis is going as planned. It will take some more time, as is normal in these situations."
DB Group's adjusted revenue declined 11 percent to €25 billion in the first half of 2023 (compared with roughly €28 billion in the same period of 2022). Operating profit (adjusted EBIT) was €331 million in H12023, down 62 percent from €876 million in the first six months of 2022.