ÖBB Annual Report 2023

69 Group Management Report Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 24 At approx. EUR 1,505.2 million (py: approx. EUR 1,513.2 million), the cost of purchased services is the second largest expense category. This item mainly includes payments for vehicle rentals, transport services and infrastructure usage to third-party railways. It also includes other purchased services, which mainly consist of non-capitalisable supplies and services in connection with repairs, maintenance, cleaning and other services in the forwarding business. As in the previous year, the share of total revenues accounted for by the cost of materials and purchased services was 27%. Depreciation and amortisation expenses fell by approx. EUR 49.0 million to approx. EUR 1,382.4 million (py: approx. EUR 1,333.4 million). A decrease was achieved in taxes and levies (-44% to approx. EUR 12.1 million). On the other hand, an increase in operating costs (36% to approx. EUR 171.1 million), expenses for information technology and office requirements (11% to approx. EUR 37.5 million), commissions (10% to 21.5 million), rental, lease, licence and leasing expenses (6% to approx. EUR 17.5 million) and miscellaneous other expenses (32% to approx. EUR 260.4 million). In total, other operating expenses increased by approx. EUR -104.3 million or -25% to approx. EUR 520.1 million (py: approx. EUR 415.8 million). In the financial year 2023, the ÖBB Group posted a negative financial result of approx. EUR 470.1 million (py: approx. EUR 470.2 million). Interest expenses amounted to approx. EUR 527.9 million (py: approx. EUR 457.0 million). Results of operations of the ÖBB-Personenverkehr subgroup Overview 2023 2022 Change Change in % Revenue in EUR million 3,136.3 2,727.9 408.4 15% Total income in EUR million 3,257.2 2,846.2 411.0 14% Total expenses in EUR million -3,118.4 -2,656.8 -461.6 17% EBIT in EUR million 138.8 189.4 -50.6 -27% EBIT margin in % 4.3% 6.7% -2.4% -36% EBITDA in EUR million 394.8 417.8 -23.0 -6% Financial result in EUR million -29.7 -31.2 1.5 5% EBT in EUR million 109.1 158.2 -49.1 -31% Return on equity in % 6.8% 10.2% -3.4% -33% Return on assets in % 2.0% 2.9% -0.9% -31% In the year under review, the ÖBB-Personenverkehr subgroup recorded an increase in sales revenue of 15% to approx. EUR 3,136.3 million (py: approx. EUR 2,727.9 million). The subgroup’s personnel expenses in the financial year 2023 amounted to approx. EUR 776.8 million (py: approx. EUR 710.7 million), which corresponds to an increase of approx. EUR 66.1 million. The average personnel expenses per employee amounted to approx. TEUR 67 (py: approx. TEUR 64). Personnel expenses accounted for 24% of the total income (py: 25%). The cost of materials amounted to approx. EUR 402.5 million (py: approx. EUR 320.3 million). Among other items, it includes expenses for traction current of approx. EUR 107.8 million (py: approx. EUR 50.9 million) and for liquid fuels of approx. EUR 67.1 million (py: approx. EUR 58.5 million). Purchased services increased by 19% to approx. EUR 1,376.9 million (py: approx. EUR 1,156.2 million). This item includes fees for vehicle rentals of approx. EUR 154.0 million (py: approx. EUR 130.9 million), transport services of approx. EUR 706.6 million (py: approx. EUR 585.7 million) and infrastructure usage fees to third-party railways of approx. EUR 305.2 million (py: approx. EUR 260.2 million). The ratio of cost of materials and purchased services amounted to 55% of the total income (py: 52%). Revenue development of the Rail Cargo Austria subgroup Overview 2023 2022 Change Change in % Revenue in EUR million 1,907.1 1,943.0 -35.9 -2% Total income in EUR million 1,963.1 1,998.8 -35.7 -2% Total expenses in EUR million -1,974.0 -1,964.3 -9.7 0% EBIT in EUR million -10.9 34.5 -45.4 >100% EBIT margin in % -0.6% 1.7% -2.3% >100% EBITDA in EUR million 123.8 188.1 -64.3 -34% Financial result in EUR million 23.9 -27.2 51.1 -188% EBT in EUR million 13.0 7.3 5.7 78% Return on equity in % 4.9% 2.9% 2.0% 69% Return on assets in % -0.7% 2.2% -2.9% >100% MR24 |