In 2018 Abellio Germany achieved a revenue of € 357 million from its current operations which will grow to circa € 800 million in 2021. The EBIT of € -1.4 million was in line with the budget. While contracts in operation generated a positive result of € 6.7 million (2017 € 7.1 million), several projects have been mobilised during the year with a negative financial impact of € 7.0 million (2017 € 1.0 million). Mobilisation costs are partly capitalised and partly expensed as incurred whilst revenues will not be generated until the actual start of the operation. The next major contract expiry will not come until December 2028. Currently Abellio Germany runs 182 train vehicles serving approximately 171,000 passengers a day and employing 2,085 people. Including the mobilised concessions DISA and RRX at the end of 2018, Abellio Germany becomes the third largest train operating company in Germany, with annual train-kilometers of 38.7m in 2019. In recent years, Abellio has built up a strong competitive position in the German rail market.
Abellio Germany consolidated
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Result from operating activities
Intercompany financial result
Profit after taxation
Abellio aims for controlled growth. This means Abellio opts for selective and responsible participation in tenders, professional mobilisation and commercial operation. At the end of 2017 Abellio became the sole shareholder of WestfalenBahn GmbH. In December 2018 Abellio in Mitteldeutschland started operating the Dieselnetz-Sachsen-Anhalt (DISA) concession and Abellio in North Rhine-Westphalia started operating the first phase of the Rhein-Ruhr-Express (RRX). The second phase will start in 2020. In Mitteldeutschland, the STS concession went in December 2018 into its fourth year of operations. Despite many infrastructure works of DB Netz, the overall performance of Abellio Rail Mitteldeutschland and punctuality was satisfactory.
The Regional Transport Association of Westfalen-Lippe (NWL) awarded Abellio Rail NRW again the gold medal for quality leadership this year. For the fourth year in a row, Abellio Rail NRW was the frontrunner in the category punctuality and excellently positioned at service performance and vehicle condition. WestfalenBahn came in third. In the quality report of the PTA VRR in North Rhine-Westphalia Abellio occupies 7 of the top 10 places in direct comparison of all lines.