ÖBB Annual Report 2023

Group Management Report 70 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 25 The Rail Cargo Austria subgroup reported a decline in EBIT to approx. EUR -10.9 million (py: approx. EUR 34.5 million). This corresponds to a deterioration of approx. EUR 45.4 million. A decline in total income to approx. 1,963.1 million (py: approx. 1,998.8 million) resulted in an EBIT margin of -0.6% after 1.7% in the previous year. The financial result showed an increase from approx. -27.2 million in the previous year to approx. EUR 23.9 million. In this conjunction, EBT of approx. EUR 13.0 million (py: approx. EUR 7.3 million) was reported for 2023. The return on assets was -0.7% (py: 2.2%) and EBITDA was approx. EUR 123.8 million (py: approx. EUR 188.1 million). Total expenses of the Rail Cargo Austria subgroup were approx. EUR 1,974.0 million, minimally higher than in the previous year (py: approx. EUR 1,964.3 million). The largest expense category is the cost of purchased services. In the year under review, these increased by 1% to approx. EUR 1,324.5 million (py: approx. EUR 1,316.5 million). This item includes expenses for transport services, for infrastructure usage incl. community service and staff leasing as well as rent for rail and road vehicles and other services. Personnel expenses rose in the reporting year to approx. EUR 286.6 million (py: approx. EUR 264.5 million), and average personnel expenses per employee increased from approx. TEUR 45 in the previous year to approx. TEUR 49. Personnel expenses accounted for 15% of the total income (py: 13%). As in the previous year, the total cost of materials and purchased services corresponds to 71% of total income. Results of operations of the ÖBB-Infrastruktur subgroup Overview 2023 2022 Change Change in % Revenue in EUR million 1,249.5 984.4 265.1 27% Total income in EUR million 3,791.6 3,478.3 313.3 9% Total expenses in EUR million -3,358.3 -3,081.6 -276.7 -9% EBIT in EUR million 433.3 396.7 36.6 9% EBIT margin in % 11.4% 11.4% 0.0% 0% EBITDA in EUR million 1,354.0 1,278.4 75.6 6% Financial result in EUR million -425.6 -412.4 -13.2 -3% EBT in EUR million 7.7 -15.7 23.4 >100% Return on equity in % 0.6% -0.9% 1.5% >100% The total income of the ÖBB-Infrastruktur subgroup in the reporting year amounted to approx EUR 3,791.6 million (py: approx. EUR 3,478.3 million), of which approx. EUR 902.5 million (py: approx. EUR 650.8 million) was attributable to companies in other subgroups of the ÖBB Group. This results in a slight increase in total income of approx. EUR 313.3 million compared to the year 2022. Given an average of 18,375 employees (py: 18,299 employees), this translates into income per employee of approx. TEUR 206 (py: approx. TEUR 190). The ÖBB-Infrastruktur subgroup achieved 2023 an EBIT of approx. 433.3 million (py: approx. 396.7 million) with an EBIT margin of 11.4% in line with the previous year. The ÖBB-Infrastruktur subgroup achieved a negative financial result of approx. EUR 425.6 million in the reporting year (py: approx. EUR 412.4 million). EBT 2023 was approx. EUR 7.7 million (py: approx. EUR -15.7 million). Total expenses of the subgroup increased by 9% to approx. EUR 3,358.3 million (py: approx. EUR 3,081.6 million) in2023. The largest expense item is 2023 personnel expenses, which rose by 9% to approx. EUR 1,403.8 million. py: (approx. EUR 1,282.6 million). The average personnel expenses per employee amounted to approx. TEUR 76 (py: approx. TEUR 70). This results, like in the previous year, in personnel expenses accounting for 37% of the subgroup’s total income. The second largest expense item is depreciation and amortisation due to the operational responsibility of the subgroup. The increased investment activity in previous years caused this item to rise by 4% to approx. EUR 920.7 million in the reporting year (py: approx. EUR 881.7 million). Cost of materials and purchased services accounted for 17% (py: 16%) of total income. | MR25