GERMAN transport giant Deutsche Bahn (DB) is preparing itself for a stock exchange listing in 2008 after posting a 65 per cent jump in 2006 profits to EUR1.7 (US$2.2 billion) on revenues of EUR 30.1 billion, which rose 17 per cent year on year.

DB's annual report also revealed that its logistics and transportation business grew 25 per cent, driven by a doubling of its Schenker unit because of its acquisition of BAX Global. Airfreight volumes grew 16 per cent year on year while sea freight rose 18 per cent.

A company statement said that in the 2006 financial year, Deutsche Bahn achieved all its business goals on its way to partial privatisation. "From the company's viewpoint, private investors will be able to invest in DB in 2008," said chairman and CEO Hartmut Mehdorn.

Looking ahead, Mr Mehdorn said he expected a slight increase in revenues and operating profit, adding: "In 2006, we demonstrated that our strategy is the right one and that DB is a dynamic company that is fit for the future."