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At the end of March, state-owned Deutsche Bahn of Germany released a snapshot of its trailing 2019 financial performance, which hopefully will be fully disclosed later next month.

The headline story for the group was:

“Increase in revenues • decrease in profits • DB CEO Richard Lutz: “Investment in the future of rail will take priority in the coming years, which will be visible in our bottom line” • Impact of the coronavirus crisis not yet clear”

Why wait until mid-May, though, to ...

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