Westerwaldbus des Kreises Altenkirchen GmbH

Westerwaldbus des Kreises Altenkirchen GmbH, based in Steinebach, was founded in November 2017 and has operated local passenger bus services in the district of Altenkirchen since December 2018. It provides primarily scheduled line services and exempted pupil transport across the three line bundles Daaden‑Gebhardshain, Betzdorf‑Kirchen and Altenkirchen‑Wissen and is required by its articles to perform more than 80% of its activities for the district or entities controlled by it. Under a service agreement the company uses Westerwaldbahn resources (e.g. workshop services, sales, fuel station, bus parking hall) and was capitalised by Westerwaldbahn with share capital of TEUR 25 and capital reserves of TEUR 650. In the reporting year Westerwaldbus employed about 90 drivers and operated 64 own vehicles, outsourced roughly 30% of services to private subcontractors and generated revenue of EUR 17,031,483.73 (profit before tax: EUR 1,280,532.28, which was transferred under the profit transfer agreement).