Report on the financial position of DSB (Danish State Railways)


Report no. 15/2013

The report concerns the financial position of DSB (Danish State Railways). The company has been through a turbulent period with large losses recorded in 2010 and 2011 that were followed by the implementation of measures to restore the company to a healthy financial position. The report provides an overall description of the development in DSB’s financial position in the years 1999-2012 and a detailed description of the development in the period 2007-2013. The report also addresses the Ministry of Transport’s supervision of DSB. 

The purpose of the examination is to assess whether DSB has been commercially operated with focus on profit, cost efficiency and customer satisfaction. The report answers the following questions: 

  • Was DSB’s financial performance in the period 1999-2013 satisfactory?
  • Was DSB operated with focus on cost efficiency and generating operating profits in the period 2007 – 2013?
  • Has the Ministry of Transport supported commercial operation of DSB in the period 2007-2013? 

Rigsrevisionen initiated the examination in April 2013 at the request of the Public Accounts Committee.

Read the 1st chapter of the report (PDF)