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Rail sector needs planning security
Photo: Daily archive
German’s rail sector generated a new record turnover of EUR 14.4 billion in FY/2023. Incoming orders rose by 57% to an all-time high of EUR 21.5 billion, the German Railway Industry Association (VBD) reported. At EUR 10.4 billion, the vehicle business remains the strongest segment.
Revenue in the infrastructure business, which has stagnated in recent years, also improved, posting an increase of 17% in 2023.
The VDV emphasised that stable and long-term binding investments, simplified ground rules and fair measures against inflation are necessary to maintain this level and called for more planning security for the long term. (ben)