Deutsche Bahn sees operating loss of 1 billion euros in 2023

German rail operator Deutsche Bahn on Thursday said it expected an operating loss of around 1 billion euros ($1.09 billion) this year, as energy prices, investment costs and interest rates weigh on results.

"In 2023, watch out for costs in a difficult environment," Chief Financial Officer Levin Holle said in a statement.

The company, which reported a post-tax loss of 227 million euros in 2022, said it expects its net financial debt to rise to more than 33 billion euros.