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Deutsche Bahn targets first break-even year by 2026 after €2.3B loss

From €2.3 billion in losses to a bold 2026 turnaround—can Deutsche Bahn's efficiency drive finally deliver? CEO Evelyn Palla bets on stricter controls and rising revenue.

The image shows an old stock certificate issued by the German government of...
The image shows an old stock certificate issued by the German government of Bern-Schwarzenburg-Bahn, with text and a picture of a train on it.

Deutsche Bahn targets first break-even year by 2026 after €2.3B loss

Deutsche Bahn has set its sights on breaking even for the first time in 2026. The company’s CEO, Evelyn Palla, confirmed the target after a challenging financial year in 2025. Despite a net loss of around €2.3 billion last year, the rail operator is now focusing on cost-cutting and efficiency to turn its fortunes around. In 2025, Deutsche Bahn reported a net loss of roughly €2.3 billion. However, the company managed to return to profitability on an operational level, recording an adjusted EBIT of €297 million. This shift marks a key improvement after years of financial struggles.

CEO Evelyn Palla highlighted that the firm is making progress. She described the 2025 results as a major step toward achieving a positive group result. The company’s strategy now centres on stricter cost controls and operational efficiency.

Looking ahead, Deutsche Bahn expects revenue to climb from about €27 billion in 2025 to roughly €28 billion in 2026. Alongside this growth, the target for adjusted EBIT in 2026 has been set at around €600 million. If successful, this would mark the first time the company breaks even in years. The rail operator’s financial recovery plan hinges on higher revenue and tighter spending. With adjusted EBIT projected to reach €600 million by 2026, Deutsche Bahn aims to leave its recent losses behind. The coming year will test whether these measures deliver the promised turnaround.

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