{"id":77342,"date":"2024-03-12T09:28:22","date_gmt":"2024-03-12T14:28:22","guid":{"rendered":"https:\/\/equitynewsreport.com\/deutsche-bahn-to-post-2-billion-eur-loss-in-2023-document-shows\/"},"modified":"2024-03-12T09:28:22","modified_gmt":"2024-03-12T14:28:22","slug":"deutsche-bahn-to-post-2-billion-eur-loss-in-2023-document-shows","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/deutsche-bahn-to-post-2-billion-eur-loss-in-2023-document-shows\/","title":{"rendered":"Deutsche Bahn to post 2 billion eur loss in 2023, document shows"},"content":{"rendered":"<div readability=\"48\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Deutsche Bahn to post 2 billion eur loss in 2023, document shows\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2B0I8_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. FILE PHOTO: The Deutsche Bahn (DB) logo is pictured in Berlin, Germany, March 7, 2024. REUTERS\/Annegret Hilse\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>BERLIN (Reuters) &#8211; Losses at Germany&#8217;s national rail operator Deutsche Bahn widened to 2 billion euros ($2.18 billion) in 2023 but the company expects to return to profit this year, according to an internal document seen by Reuters on Tuesday.<\/p>\n<p>The 2023 result compared to a loss of around 1.3 billion euros forecast at the end of last year, and a 2022 loss of 227 millions euros.<\/p>\n<p>The state-owned company has been hit by a series of strikes in recent months and is under pressure to modernise its ageing infrastructure.<\/p>\n<p>However, it aims to be back in the black this year, targeting earnings before interest and taxes (EBIT) of 1.3 billion euros in 2024, according to the documents.<\/p>\n<p>($1 = 0.9168 euros) <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: The Deutsche Bahn (DB) logo is pictured in Berlin, Germany, March 7, 2024. REUTERS\/Annegret Hilse\/File Photo BERLIN (Reuters) &#8211; Losses at Germany&#8217;s national rail operator Deutsche Bahn widened to 2 billion euros ($2.18 billion) in 2023 but the company expects to return to profit this year, according to an internal document seen by Reuters on Tuesday. The 2023 result compared to a loss of around 1.3 billion euros forecast at the end of last year, and a 2022 loss of 227 millions euros. The state-owned company has been hit by a series of strikes in recent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77343,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,50,48,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77342"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77342"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77343"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}