Significant growth in land transport with DB Schenker

The enterprise delivered more than EUR 17 billion in revenues in 2018, with an adjusted EBIT of EUR 5.03 billion

Significant growth in land transport with DB Schenker

At the presentation of their 2018 balance, the Deutsche Bahn Group announced a positive development of business operations by DB Schenker with 75,817 employees worldwide. The logistics service provider was able to maintain its market position in European land transport and achieved growth in revenue of 7.3 per cent to EUR 7.1 billion. The volume transported in Europe increased by 6 per cent to 106.47 million shipments.

Airfreight volume increased by 0.3 per cent to 1.3 million tonnes. Contract logistics showed a decline of 0.5 per cent to EUR 2.62 billion and the division now manages 8.3 million m² of warehouse space worldwide. Sea freight accounts for an increase in volume of 1.6 per cent to 2.203 million TEU compared to the previous year.

“Our objective is clear: We need to build additional capacity, in all areas of our system. This is what drives us, and it is also the philosophy behind our ‘Agenda for a Better Railway’, which we introduced in late 2018. As I mentioned, though, many of the measures we are planning will take time. There isn’t a magic button we can press to make our rail service better overnight“, sayd Richard Lutz, CEO and Chairman of the Management Board.

Rail freight traffic fell by 4.7 per cent year-on-year to 88.24 billion tonne-kilometers. DB sales increased slightly year-on-year to around EUR 44 billion. The operating result (EBIT adjusted) fell by EUR 41 million (-1.9 per cent) to EUR 2.11 billion.