Deutsche Bahn to post 2 billion eur loss in 2023, document shows By Reuters

© Reuters. FILE PHOTO: The Deutsche Bahn (DB) emblem is pictured in Berlin, Germany, March 7, 2024. REUTERS/Annegret Hilse/File Photograph

BERLIN (Reuters) – Losses at Germany’s nationwide rail operator Deutsche Bahn widened to 2 billion euros ($2.18 billion) in 2023 however the firm expects to return to revenue this 12 months, in keeping with an inside doc seen by Reuters on Tuesday.

The 2023 outcome in comparison with a lack of round 1.3 billion euros forecast on the finish of final 12 months, and a 2022 lack of 227 hundreds of thousands euros.

The state-owned firm has been hit by a collection of strikes in current months and is underneath strain to modernise its ageing infrastructure.

Nevertheless, it goals to be again within the black this 12 months, concentrating on earnings earlier than curiosity and taxes (EBIT) of 1.3 billion euros in 2024, in keeping with the paperwork.

($1 = 0.9168 euros)