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SNCF Group 2018 half-year results
A strong performance at the outset of 2018—continuing trends observed in 2017—was undermined by the rail strike that began in March. Against this backdrop, SNCF Group demonstrated its capacity to serve customers and generate productivity gains, offsetting part of the strike’s negative impact on its financial results.
- Strong performance in early 2018, with TGV traffic up 9.6% at the end of March.
- Revenue of €16.1bn was down 3.3%, but would have risen 4% without 37 strike days.
- The strike cut EBITDA by €790 million (over €21m per strike day), including €160 million in commercial measures taken by SNCF to compensate customers.
- Investments totalled €4bn for the first six months of 2018. Despite the strike, planned upgrades to the rail network continued largely on schedule.
- €330 million in productivity gains helped limit the strike’s negative impact on results.
- Net profit was down €762 million.
For more information
Please contact Axel Bavière: finance@sncf.fr
-
16.1
billion Euros revenue (1st semester 2018)
-
330
million Euros in productivity gains (1st semester 2018)
-
4
billion Euros in investments (1st semester 2018)
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