Русская версияAnnouncing the latest results, DB chief Hartmut Mehdorn confirmed
on Monday, Aug.
18, that 24.9 percent of its newly formed
subsidiary DB Mobility Logistics, which is now home to DB's
passenger and logistics operations, would be listed on the stock
market in the coming months.
Analysts have said the planned partial privatization of Europe's
biggest rail group should generate about 6 billion euros ($8.8
billion), with DB having launched a drive for international
investors to buy into the share listing.
DB said the group's earnings before interest, tax and special items
rose 6.8 percent to 1.4 billion euros during the first half of the
year with net profit increasing by 5.4 percent to 915 million
euros.
"Never before have so many people in Germany traveled on DB trains
in the first half (of the year), and never before were more goods
transported by rail," said Mehdorn.
The rail company said revenue jumped by 8.2 percent to 16.6 billion
euros in the six months to the end of June compared to the same
period last year.
Passenger traffic increased by 3 percent to a record 941 million,
which corresponds on average to about 5.2 million people travelling
on DB's trains each day.
DB's higher figures may in some part also be attributed to its
increasing of commuter and main-line fares by 2.9 percent last
September.
The volume of DB's goods traffic rose 26.3 percent to 197 million
tons.
Under the group's sell-off plan, the state would have a
75.1-percent stake of DB's passenger and freight operations.
However, the partial privatization means that Berlin would retain
100 percent control of the rail company's railway stations as well
as its 34,000 kilometers (21,748 miles) of track network and its
energy supplier operations.
The Bahn also announced Monday it would be increasing fares in
December. Increases in fuel and personnel costs forced the company
to raise ticket prices, Mehdorn said. The rail company said
it would specify the exact amount of the increase in September.
Fares were last increased by an average of 2.9 percent in December
2007.
(Deutsche Welle)
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