Germany: DB records steep drop in first half profit

By David Briginshaw, International Railway Journal; July 27, 2018

GERMAN Rail (DB) recorded a 17.4% drop in Ebit to €974m during the first half of 2018 which DB’s CEO Dr Richard Lutz attributes to bad weather and the French rail strikes which impacted rail freight traffic.

Rail tonne-km fell by 6.7% from 47.8 billion in the first half of 2017 to 44.5% in the first half of this year.
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