CVC sets out benefits of its 'superior' offer for Schenker in letter to DB
CVC Capital Partners, which is leading a consortium to acquire DB Schenker, yesterday sent a ...
REUTERS reports:
German rail operator Deutsche Bahn will post half-year consolidated profit of around 420 million euros ($425.21 million), boosted by strong business at its Schenker logistics subsidiary, a document seen by Reuters showed on Wednesday.
Revenue at the state-owned company rose 10% year-on-year to around 28 billion euros in the first six months of the year, while earnings before interest and taxes were at 876 million euros, the document showed.
A spokesperson for the company declined to comment on the results, referring to a news conference scheduled for Thursday.
Elsewhere, DVZ wrote today that DB Schenker “saved” Deutsche Bahn’s half-year result.
“The logistics division once again proves to be the mainstay of Deutsche Bahn. With an Ebit of 1.2 billion euros in six months, it has already achieved the same high operating result as in the whole of 2021,” it noted.
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