SNCF turnover and profit up slightly in 2013
FRENCH National Railways (SNCF) managed to achieve a 0.5% increase in turnover to €32.2bn and a 2% rise in Ebitda to €2.8bn in 2013 despite a 1.8% drop in revenue from its Geodis freight business and a 1.4% decline in income from TGV services.
Current operating profit fell by €333m to €1bn in 2013, while recurring net profit dropped from €689m in 2012 to €582m in 2013. SNCF's net profit of €376m in 2012 was converted into a net loss of €180m last year.
SNCF says it saw a worsening in the profitability of its high-speed business which it first observed in 2008. This is due to the economic crisis and a steep, steady and continuing increase in track access charges. Ebitda fell from €876m to €782m last year.
Bron en meer
0,5% meer omzet voor SNCF en ziet winst met €333 miljoen afnemen t.o.v. 2012.
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