Germany's state-run rail operator Deutsche Bahn has announced record results for 2012. It said both profit and revenues were up markedly as passenger numbers soared despite higher ticket costs.
Deutsche Bahn (DB) reported Thursday its revenues increased by 3.7 percent last year to total 39.3 billion euros ($50.7 billion). Net profit soared by 11 percent to 1.48 billion euros, making it a record year for the rail operator.
The company said the surge in earnings and revenues came on a marked increase of passenger numbers. Last year, a total of 2.7 billion people traveled on Deutsche Bahn trains, 49 million people more than a year earlier.
"We're in the black in all our business segments," the head of financial operations, Richard, Lutz, said in a statement.
Throughout 2013, Deutsche Bahn expected some 2.8 billion euros in earnings before interest and tax (EBIT) on predicted revenues of some 41 billion euros.
Bombardier was quoted as having rebuffed the accusations, calling them unfounded and having the potential of damaging the train maker's image. It said Deutsche Bahn was implying that Bombardier had knowingly put passengers at risk.
Alongside Siemens and Alstom, Bombardier is among the largest train suppliers to Germany.
hg/jlw (Reuters, AFP, dpa)