"A critical look at our performance shows us that we did not achieve the targets we had set," CEO Dr R\u00fcdiger Grube, says. "We also failed to reach the quality target we had set for ourselves for 2015. In the face of ever fiercer competition, each of our business units will need to make major strides in terms of quality.\r\n"The 2015 fiscal year was also impacted by three other key developments," Grube says. "Last spring, we at DB saw, first of all, the longest strike in the history of our company, and second, unusually fierce storms with a far-reaching impact on rail operations. In the autumn, we also faced the great responsibility of transporting hundreds of thousands of refugees."\r\nDr Richard Lutz, DB's CFO (pictured below), says the overall cost of the strikes and storms was \u20ac370m. He says the loss after tax reflects a \u20ac1.7bn adjustment to DB's financial position and precautionary measures connected with restructuring. "Accordingly, the result for the year as a whole was negative for the time since 2003," Lutz explains.Net capital expenditure fell by 13% to \u20ac3.87bn in 2015 while net financial debt climbed 7.9% to \u20ac17.5bn. The dividend which DB pays to the federal government rose from \u20ac700m in 2014 to \u20ac850m last year. For 2016, Lutz forecasts a net profit of \u20ac500m, a further reduction in investment to \u20ac3.5bn, and a further rise net financial debt to \u20ac19bn or more.\r\nDB saw a 2.5% increase in long-distance passenger traffic to 132 million journeys and a 2.4% rise in passenger-km to 37 billion. "To put it in a nutshell, long distance asserted itself on the market in 2015," Grube says. However, this did not translate into higher revenue which fell by 2.1% to \u20ac3.95bn. While DB's long-distance operation is still profitable, adjusted Ebit fell from \u20ac212m in 2014 to \u20ac164m in 2015.\r\nRegional passenger rail recorded a 2.3% drop in passenger-km to 42.7 billion, a 1.8% reduction in revenue to \u20ac8.67bn, and a \u20ac174m fall in adjusted Ebit to \u20ac669m.\r\nDB Cargo (formerly DB Schenker Rail) had a tough year in 2015 with a 4.3% drop in tonne-km to 98 billion, a 3% reduction in revenue to \u20ac4.7bn, and a \u20ac229m fall in adjusted Ebit which turned a surplus of \u20ac46m in 2014 into a loss of \u20ac183m last year. "Many customers signed long-term agreements with other carriers during the strike, and our rail freight revenues are still down 8% to 10% as a result," Grube explains. "We are doing everything we can to encourage former customers to return and also to recruit new customers."\r\nDB's international passenger subsidiary DB Arriva performed well with a 1.4% increase in revenue to \u20ac4.5bn or \u20ac4.8bn after adjustments, and ended 2015 with an adjusted Ebit of \u20ac270m an increase of \u20ac5m over 2014.\r\nDB expects turnover to exceed \u20ac41.5bn this year. "We see signs of growth \u2013 as in 2015 \u2013 primarily at DB Arriva and DB Schenker, but we expect the revenue trend to weaken somewhat based on our assumption of negative exchange rate effects in 2016," Lutz says.\r\n\r\nDr Richard Lutz, DB's CFO.