2017 Integrated Report – Departure into a new era

Business development

  • Reduction of Group headquarters costs.
  • Optimization of the service companies.

Subsidiaries/other
Selected key figures
(€ million)

2017

2016

Change

absolute

%

Total revenues

4,854

4,588

+266

+5.8

External revenues

627

540

+87

+16.1

EBITDA adjusted

–136

–119

–17

+14.3

EBIT adjusted

–392

–377

–15

+4.0

Gross capital expenditures

358

589

–231

–39.2

Net capital expenditures

357

589

–232

–39.4

Employees as of Dec 31 (FTE)

51,937

51,022

+915

+1.8

The area Subsidiaries/other encompasses the governance functions (such as corporate development, finance or personnel) and the dependent administrative service units (such as the Accounting Shared Service Center or HR services) of the holding company DB AG. This segment also bundles the legally independent administrative service units within DB Group (such as DB Temporary Work and DB JobService) and the independent operating service units (such as DB Vehicle Maintenance or DB Systel) which provide services to several DB Group business units.

The increase in total revenues was mainly attributable to higher revenues generated with Group customers, including in connection with IT developments and an increase in construction activities as well as project-related business at DB E&C.

The decrease in adjusted EBITDA and adjusted EBIT was mainly due to collective wage increases and project costs for measures under Railway of the Future . This was counteracted by increases in volume and productivity at Group-internal service companies as well as cost reductions in the Group headquarters.