DB Cargo expects losses of 500 million euros this year
DB Cargo foresees a negative operating result of half a billion this year. This means that the financial situation of the rail freight subsidiary appears to be deteriorating rather than improving.
The new general manager Sigrid Nikutta has focused on a profit recovery, mainly by offering more logistics services and further implementing savings of 4.4 billion euros. But those measures under the heading of “Starke Cargo” will only lead to profit recovery in the period 2024/2026, it is said.
286 million euros
DB Cargo previously reported an operating loss of 286 million euros at the presentation of the half-year figures. Management expects a similar loss in the second half of this year. Last year, DB Cargo closed the fiscal year with a loss of 308 million euros.