In the first half of 2024, the railway group's revenues Deutsche Bahn (DB) amounted to €22.31 billion, with a decrease of -3.0% on the first half of last year. Announcing its latest half-year results this morning, the company announced its highlighted that the structural weaknesses of the railway network and the difficult operational situation, also due to strikes and adverse weather conditions have had an impact negative on economic performance. In the first six months of this year, the group's adjusted EBIT was and equal to -677 million euros compared to a result of a positive sign of 279 million in the first half of 2023. DB closed the last half-year period with a net loss of -1.23 billion euros compared to a net loss of -71 million of euros in the first six months of last year.

Correlating them to the results scored in 2019 before the pandemic of Covid-19, DB described the performance of the logistics company DB Schenker which - we remind you - the German group has put up for sale, sale procedure of the entire share capital that recently recorded the exit of the Danish shipping and logistics group Maersk from the circle of Pretenders to purchase ( of 15 December 2022, 23 May and 1 July 2024). Specifying that the revenues deriving from the eventual sale should remain within the DB group and bring about a significant reduction in its indebtedness, The company has confirmed that the sale will only take place if deemed economically advantageous.

In the first half of this year, DB Schenker achieved a total of revenues of 9.41 billion euros, down -6.6%, an EBITDA adjusted EBIT of €908 million (-10.2%) and adjusted EBIT of €520 million million (-16.9%). Illustrating the progress of DB activity Schenker during the first half of 2024, the group explained that the shipping sector has been characterized by the rapid increase in the value of freight rates that occurred in recent months is due to market disruptions caused by from the attacks on ships in the Red Sea and the consequent lengthening of the routes around the Cape of Good Hope and the repercussions throughout the maritime and port supply chain. As for the air shipments, DB explained that the market can be divided into two segments, that of the new e-commerce business from China and that of traditional air transport, with the latter which in the first quarter of this year grew only slightly, while taking into account the e-commerce segment showed growth close to double digit percentages. Beyond the significant regional differences in demand triggered by the boom e-commerce, with the related imbalances in capacities available - DB specified - we are witnessing an increase of air freight rates globally, albeit with very different regional characteristics and developments. Finally, the German group explained that in the contract sector Logitech positive developments have been recorded in the electronics sector as well as in the automotive sector, which has benefited from the volume growth in the electric vehicle and stabilization of combustion engine production.

As for DB Cargo, the rail transport company of the group's goods, in the first six months its trains transported about 93 million tons of cargo, with a decrease of -10.2% and, with 2.78 billion euros, revenues decreased by -3.7%, while Adjusted EBITDA was negative state and equal to -53 million compared to a positive result of 16 million in the first half of 2023. Adjusted operating profit was negative and equal to -261 million compared to -195 million last year.