06.10.2021
Artikel Nummer: 38003
Rail industry remains resilient
The German Railway Industry Association (VDB) generated record sales of EUR 7.3 billion in H1/2021, up 14% on the previous year. Export trade increased by almost 30%.
In Germany, the rail industry generated EUR 4.1 billion in H1, around 56% of total sales. The rolling stock segment remained the strongest at EUR 5.1 billion, accounting for 70% of total sales. By contrast, order intake in H1 fell by almost 7% to EUR 7 billion. While orders from abroad rose by roughly 22%, domestic business in particular weakened.
According to the VDB, this shows that Germany is moving too slowly in modernising the railways. The association is calling for more speed and more investment. (ben)