News / DB chief praises Schenker H1 performance amid group's poor results

© DB Schenker

DB Schenker has again propped up parent Deutsche Bahn’s poor half-year results, despite falling rates.

Sales at DB Schenker fell 6.6%, to €9.4bn ($10.2bn), Ebitda fell 10.2%, to €908m, while Ebit fell nearly 17%. to €520m. Schenker accounted for 42% of DB’s total sales.

DB said the process of selling Schenker was continuing, but added: “A sale only takes place if it is economically advantageous for the DB group.”

Only two bidders now remain, after Saudi shipping company Bahri pulled out, leaving just ...