The key financial performance indicators (KPIs) considered by Kombiverkehr are the gross earnings from freight, which is the difference between the income from and expenses on freight, and the net earnings for the year. Transport-related income from funding that Kombiverkehr receives from the Swiss Federal Office of Transport (BAV) and the French Ministry of Transport for shifting traffic from road to rail and from the German Ministry for Transport and Digital Infrastructure for the development of transport to and from the MegaHub Lehrte is added to the gross earnings from freight. The operating revenue likewise includes the funds received and used for the federal government’s train path subsidy, which was granted to rail freight companies with access rights in accordance with the German Directive on the Promotion of Rail Freight Transport through the Proportional Financing of Approved Train Path Charges (af-TP).

Including the transport-related funding of EUR 4,234k, reported under other operating income in accordance with HGB requirements, Kombiverkehr posted operating revenue in the 2024 financial year of EUR 438,605k, which is EUR 3,576k less than the previous year, largely due to the fall in volume. After deducting the cost of materials, gross earnings from freight came in at EUR 19,962k, EUR 1,377k up on the year before.

The gross earnings from freight are supplemented by remaining other operating income of EUR 864k, which essentially results from the release of provisions of EUR 290k and funds allocated to projects of EUR 495k.

Personnel expenses in the 2024 financial year amounted to EUR 12,021k, a year-on-year increase of EUR 799k due to provisions for partial retirement, settlements and salary measures. The total workforce on 31 December 2024 comprised 147 employees, or 131 full-time equivalents. The other operating expenses in the 2024 financial year decreased largely as a result of lower expenses for trade fairs and IT consulting and because funding was not passed on.

Kombiverkehr has calculated an operating result of EUR -528k for the 2024 financial year, an improvement of EUR 1,365k on the previous year.

Net financial earnings came in at EUR 745k, EUR 819k below the figure for the previous year, mainly on the back of a EUR 667k drop in investment income. After deducting income and other taxes, Kombiverkehr posted net income for the 2024 financial year of EUR 216k.

Cash flow from current activities came to EUR 8,622k, putting it EUR 5,964k above the figure of EUR 2,658k reached the previous year. This came from an increase in receivables and liabilities, whereas 2023 saw a decrease in receivables, provisions and liabilities. Cash flow from investment activities totalled EUR -3,730k, essentially due to a payment to an investee.

Cash flow from financing activities, which includes the arrivals and exits of limited partners, deposits and withdrawals, declined by EUR 2,871k to EUR -338k in the year. The figure for the previous year had been EUR -3,209k, attributable to the repayment in full of a loan for the financing of wagons with a residual amount of EUR 2,682k.

By the end of the financial year cash and cash equivalents had risen EUR 4,554k to EUR 11,898k and consisted entirely of liquid assets.