Deutsche Bahn booked a heavy loss for 2015 despite a record turnover of 40.5 billion euros. The company reported a net loss of 1.3 billion euros euros last year, its first year-end loss since 2003. The reasons quoted by DB were exceptional writedowns of 1.7 billion euros in its freight business, a long-running train drivers’ strike earlier in 2015 as well as general restructuring efforts for the loss.
CEO Rüdiger Grube admitted that Deutsche Bahn “had not achieved what we set out to achieve” and that the operator had to improve in a “sustainable” way. The company’s “Future of Bahn” concept was aimed at improving efficiency and punctuality, he said. Deutsche Bahn also expects to save 700 million euros in the next five years through cost efficiencies in its headquarters.
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