Capital expenditures
Capital expenditures / € million | H 1 | Change | H 1 2019 | ||
2023 | 2022 | absolute | % | ||
Gross capital expenditures | 6,304 | 5,402 | +902 | +16.7 | 4,825 |
thereof Integrated Rail System | 5,852 | 4,983 | +869 | +17.4 | 4,241 |
Investment grants | 3,204 | 2,662 | +542 | +20.4 | 2,475 |
thereof Integrated Rail System | 3,195 | 2,645 | +550 | +20.8 | 2,468 |
Net capital expenditures | 3,100 | 2,740 | +360 | +13.1 | 2,350 |
thereof Integrated Rail System | 2,657 | 2,338 | +319 | +13.6 | 1,773 |
Gross capital expenditures increased significantly from an already high level. In the Integrated Rail System, there was a significant increase in infrastructure capital expenditures.
Investment grants, which are almost exclusively attributable to the Integrated Rail System, also increased significantly as a result of higher capital expenditures in the new construction and expansion of the rail network. They accounted for about 51% of gross capital expenditures (in the first half of 2022: about 49%).
Net capital expenditures increased significantly. In particular, the increase in capital expenditures on track infrastructure and vehicles at DB Long-Distance and DB Regional impacted the Integrated Rail System. Capital expenditure activities also increased at DB Arriva and DB Schenker.
The focus of our capital expenditure activities continues to center on the Integrated Rail System for measures to improve performance capability, efficiency and quality in relation to track infrastructure as well as measures to develop our vehicle fleet.