Capital expenditure and rolling stock purchases

The Group's total investments in 2015 amounted to EUR 119.8 million (EUR 169.0 million). Leasing agreements accounted for EUR 29.8 million of all investments. Expenditure on rail rolling stock totalled EUR 70.6 million (EUR 102.9 million). IT investments accounted for EUR 15.5 million of this total (EUR 21.2 million) and expenditure on real estate for EUR 17.6 million (EUR 15.4 million).

The most important investments comprised new control and sleeping cars for passenger services and rolling stock for VR Transpoint. The impact of investment in new electric locomotives in 2015 was still relatively small but its impact will increase substantially in the coming years. The other investments were replacement investments for fixed assets.