German train operator Deutsche Bahn has widened its loss to 2 billion euros, equivalent to just over 22 billion kronor, for the full year 2023. However, the company expects to turn the result into a profit this year, according to an internal document seen by Reuters.
The loss for 2023 was significantly higher than the expected loss of 1.3 billion euros and several times larger than the outcome for 2022, when the loss was 227 million euros.
State-owned Deutsche Bank has been hit by a series of strikes in recent years and is under pressure to modernize its aging infrastructure.
According to the document, Deutsche Bank expects a positive operating profit of 1.3 billion euros for 2024.
Source: FinWire
