Revenues up, adjusted EBIT up: DB Schenker can look back on a successful first half of the year 2019. Photo: Deutsche Bahn AG/Volker
DB Schenker delivered a strong performance over the first six months of this year, maintaining the company’s track record from 2018. Revenues were up by 2.3 percent to EUR 8.49 billion year on year. Adjusted earnings before interest and taxes (EBIT) increased by as much as 10.2 percent to EUR 238 million. This was the news from Alexander Doll, Member of the Management Board for Finance, Freight Transport and Logistics at Deutsche Bahn AG, at the recent 2019 Interim Results Press Call in Berlin.
This positive development was reflected in the key performance indicators of most business units of DB Schenker. In the first six months of 2019 the contract logistics unit generated EUR 1.36 billion, up by 7.2 percent year on year. The ocean freight team managed a transport volume totaling 1.12 million TEU (twenty-foot equivalent units) – up by 2.6 percent.
In the land transport segment, the number of shipments carried rose by 2.5 percent, to reach 53.9 million. Only in the airfreight division – in a difficult market environment – did a decline have to be contended with: the total tonnage of shipments under management decreased by 10.9 percent, to just under 580,000 tons.
According to CEO Richard Lutz, DB Group as a whole boosted its adjusted revenues by 2.2 percent in the first half of 2019, to 22 billion euros. Adjusted EBIT was EUR 757 million, compared with EUR 974 million for the first half of 2018. The decrease of some 22 percent was due primarily to investment in additional measures to improve quality and performance.