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Deutsche Bahn set to rake in record profits

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Deutsche Bahn set to rake in record profits
Photo: DPA
08:35 CET+01:00
Germany's rail operator Deutsche Bahn is expecting to record its biggest-ever profits in the coming year, despite the threat of an economic downturn hanging over the country, a leaked report shows.

According to an internal report seen by the Tagesspiegel newspaper, the Bahn is aiming to make €2.75 billion before tax in 2012, a fifth more than in the current year.

A third of the profits are expected to be gleaned from the 34,000 kilometres of railtracks that the operator owns, while another third will come from the state-subsidized regional transport system.

Deutsche Bahn is even planning to extend its profit margin to €3.85 billion by 2016, the report said.

A spokesman for Deutsche Bahn refused to comment on the figures, because planning for the next year will be discussed by the railway's executive board next week.

The Local/bk

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