ÖBB Annual Report 2023

Contents ÖBB, one of the most attractive employers in Austria 24 Going back to the future with quality 12 DIGITAL. The 2023 Annual Report is available as a PDF and videos on the topic at: konzern.oebb.at/ar2023 For a reliable future TODAY. FOR TOMORROW. FOR US. Annual Report 2023 ÖBB-Holding AG COVER. The booming railway sector posed major challenges for ÖBB in the second half of 2023. This has led them to declare 2024 the Year of Quality. Foreword by the Board of Management ................... 2 Foreword by the Chairwoman of the Supervisory Board ................................................ 6 For a reliable future . ...................................................... 12 Corporate Governance Report .................................... 38 Group Management Report ......................................... 46 A. Group Structure and Investments........................................ 46 B. General Conditions and Market Environment...................... 48 C. Economic Report and Outlook............................................ 63 D. Real Estate Management. ................................................... 90 E. HR Report........................................................................... 90 F.  Opportunity and Risk Report............................................... 96 G. Sustainability Report......................................................... 104 H. Non-financial Opportunities and Risks............................... 194 I.  Taskforce on Climate-related Financial Disclosures............. 207 J.  GRI Index of Contents....................................................... 208 K. Notes on the Management Report.................................... 219 Consolidated Financial Statements ......................... 222 Consolidated Income Statement 2023................................... 222 Consolidated Statement of Comprehensive Income 2023...... 223 Balance Sheet as of 31.12.2023............................................ 224 Consolidated Statement of Cash Flow 2023.......................... 225 Consolidated Statement of Changes in Equity 2023............... 226 Notes to the Consolidated Financial Statements as of 31.12.2023.................................................................. 227 A. Basis of Preparation and Accounting Policies..................... 227 B. Notes to the Consolidated Statement of Financial Position and the Consolidated Income Statement........................... 253 C. Other Notes to the Consolidated Financial Statements...... 282 Auditors’ Report................................................................... 316 Glossary ............................................................................ 322 Imprint .............................................................................. 324