Deutsche Bahn AG Profits Rised in 2007

German railway operator Deutsche Bahn AG reports another profitable year despite ongoing labor disputes with train drivers over wage negotiations.

April 5, 2008 11:10 pm | Last Update: August 1, 2015 11:12 pm

German railway operator Deutsche Bahn AG has announced an increase in net profits for the third year running, despite a series of strikes by train drivers over pay.

Net earnings at Deutsche Bahn rose 2.3 percent to €1.72bn in 2007 from €1.68bn the previous year. Sales rise to €31.3bn from €30.05bn.
In February, Deutsche Bahn and train driver’s union GDL struck a final wage deal after months of negotiations and rail strikes. Under the agreement, the drivers were to receive an eight percent pay raise from last month and a further three percent from September 2008.

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