SNCF essentials

SNCF has been a part of French life for 80 years—but we’re changing dramatically today. Our strong commitments to rail and to the mobility of the future make us a vital player in the transition to a greener world.

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What you need to know

  • The French rail reform package of 2018 has transformed SNCF—changing our governance, opening our markets up to competition, reducing our debt, and phasing out the special status of railway workers.
  • Our new corporate structure gives SNCF SA, our new parent company, a bigger role in leading the Group’s main subsidiaries.
  • We’ve set ambitious growth targets for every kind of sustainable mobility, both in France and on international markets, which already account for 1/3 of our revenue.

Far-reaching reform

France’s rail reform package was adopted by the Senate in June 2018 and took effect on 1 January 2020. Its primary aim was to combine all of SNCF’s business lines into a single integrated group—like Deutsche Bahn in Germany and Ferrovie dello Stato Italiane in Italy—and it’s transforming SNCF in four fundamental ways.

New corporate governance

  • SNCF Group is now completely integrated.
  • Our existing business lines have become public limited companies (sociétés anonymes) wholly owned by the French State.
  • SNCF Gares & Connexions is now a subsidiary of SNCF Réseau SA.

Business development

  • Our passenger businesses are opening up to competition.
  • We're limiting track access fees for our freight and high-speed businesses.

Sound financial structure

  • A total €35bn of SNCF Réseau debt will be transferred to the French State
  • We’re stepping up efforts to boost productivity.
  • A French government decree has tightened our Golden Rule ratio, reducing it to 6x and expanding it to cover all capital expenditures by SNCF Réseau SA.

Labour relations

  • Since 1 January 2020, special railway worker status has not applied to new employees.
  • SNCF Group is forging a new relationship with its employees.

Ordonnance n°2019-552 Groupe SNCF

Financing Programmes

Published on 3 June 2019 at 08:21

Décrêt n° 2019-1589 du 31 décembre 2019 approuvant les statuts de la société SNCF SA

Financing Programmes

Published on 31 December 2019 at 08:15

Our new corporate structure

France’s rail reform package converted four "EPIC" SNCF entities into public limited companies (sociétés anonymes, or SAs), all wholly owned by the French State. It also strengthened the support and oversight role of our parent company, SNCF SA, and grouped all domestic and cross-border passenger activities into SNCF Voyageurs SA.

Our new corporate structure

This infographic contains an organizational chart with four levels.

Content is as follows, from top to bottom:

  • Level 1 contains a single box labelled “French State” with a profile of Marianne (symbol of the French Republic) superimposed on a French flag, the French national motto “Liberty, Equality, Fraternity” and the words “French Republic”.
  • Level 2 contains a single box:
    • a green bar across the top contains two lines of text reading “100%” and “non-transferable shares”
    • in the centre, on a white ground, are the SNCF logo and two lines of text reading “SNCF SA” and “Holding Company”
  • Level 3 contains a row of 5 boxes as follows, reading from left to right:
    • In box 1,
      • a green bar across the top contains two lines of text reading “100%” and “non-transferable”
      • in the centre, on a white ground, are the SNCF logo and the words “RÉSEAU SA / Rail network management”
    • In box 2,
      • a green bar across the top contains two lines of text reading “100%” and “non-transferable”
      • in the centre, on a white ground, are the SNCF logo and the words “VOYAGEURS SA / Passenger transport”
    • In box 3,
      • a green bar across the top reads “70%”
      • in the centre, on a white ground, are the Keolis logo and the words “World leader in mass transit”
      • and below that, a yellow bar reading “SUBSIDIARY”
    • In box 4,
      • a green bar across the top reads “100%”
      • in the centre, on a white ground, are the Geodis logo and the words “Multimodal freight forwarding”
      • and below that, a yellow bar reading “SUBSIDIARY”
    • In box 5,
      • a green bar across the top reads “100%”
      • in the centre, on a white ground, are the SNCF logo and the words “RAIL FREIGHT / SNCF Fret & other rail freight businesses”
  • Level 4 contains a row of 3 boxes as follows, reading from left to right:
    • Box 1 is linked to the “RÉSEAU SA / Rail network management” box above it. Inside Box 1,
      • a green bar across the top reads “100%”
      • in the centre, on a white ground, are the SNCF logo and the words “GARES & CONNEXIONS SA / Station management”
    • Box 2 is linked to the “VOYAGEURS SA / Passenger transport” box above it. Inside Box 2,
      • a green bar across the top reads “62%”
      • in the centre, on a white ground, is the Thalys logo
      • and below that, a yellow bar reading “SUBSIDIARY”
    • Box 3 is linked to the “VOYAGEURS SA / Passenger transport” box above it. Inside Box 3,
      • a green bar across the top reads “55%”
      • in the centre, on a white ground, is the Eurostar logo
      • and below that, a yellow bar reading “SUBSIDIARY”

A line of text at the bottom of the infographic reads, “Other SNCF Group subsidiaries are not included in this organizational chart.”

SNCF is a global leader in mobility, with businesses throughout the value chain.

SNCF Réseau SA

Management of infrastructure (including rail, catenaries and platforms) and stations (through Gares & Connexions)

  • 2019 revenue: €8bn
  • 2019 EBITDA: €2bn
  • manages and maintains the French rail network’s 30,000 km of line
  • creates and assigns 20,000 train paths daily
  • sold 440 million tonnes/km of train paths for rail freight in 2018
  • renovates and maintains a portfolio of nearly 3,000 stations in France

For more, visit the SNCF Réseau website

SNCF Voyageurs

The leading rail operator in France and a major player in cross-border travel through its subsidiaries Eurostar (England) and Thalys (Benelux), and other brands including Lyria (Switzerland), Elipsos (Spain) and Alleo (Germany)

  • 2019 revenue: €17bn
  • 2019 EBITDA: €1.6bn
  • carries 5 million passengers a day through its Transilien and TER services
  • has carried 8.4 million passengers on its international lines in 2019

Keolis

The world leader in commuter mobility, with business in France and around the world

  • 2019 revenue: €6.6bn
  • 2019 EBITDA: €634m
  • carries 3.3bn passengers a year
  • manages 21 metro and light rail systems around the world
  • is present in 16 countries and in 10 types of transport

For more, visit the Keolis website

Geodis

Provider of freight services (road, air and more) and logistics

  • 2019 revenue: €8.2bn
  • 2019 EBITDA: €724m
  • has a direct presence in over 67 countries
  • provides indirect coverage to more than 120 countries

For more, visit the Geodis website

TFMM rail freight

Rail freight services

  • 2019 revenue: €1.7bn
  • 2019 EBITDA: -€39m

 

Learn more about TFMM

Learn more about SNCF Fret

SNCF around the world

Today’s SNCF has a robust global presence, with more than one-third of revenue coming from international markets. This is especially true for our activities in mass transit (Keolis) and logistics (Geodis and TFMM), but our high-speed rail services (such as Eurostar and Thalys) cross borders as well. Expanding our international activities is a core element of our growth strategy: the aim is to increase them gradually until they account for 50% of our total business.

SNCF around the world: 1/3 of our revenue comes from outside France

SNCF around the world: 1/3 of our revenue comes from outside France

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Ambitious goals

To maintain SNCF’s vital role in developing sustainable mobilities, we’ve set six ambitious targets—five for 2026 and one (positive free cash flow) for 2022.

Our 6 targets

Our 6 targets

The infographic shows SNCF’s 6 goals in three rows of two boxes each. Each box contains four elements. From top to bottom, these are:

  • a pictogram illustrating the topic
  • a headline stating a goal
  • a brief text explaining how SNCF will achieve the goal in the headline
  • a measurable target

The rows read as follows from top to bottom:

Row 1, box 1:

  • Pictogram: white train on purple ground
  • Headline: Increase rail use
  • Explanation: Expand public transport and prepare for the open market 
  • SNCF’s target: invest €47bn in the French rail network between 2017 and 2026

Row 1, box 2:

  • Pictogram: white clock on blue ground
  • Headline: Be the best on the fundamentals
  • Explanation: Improve on-time rail departures/arrivals and passenger information by investing in our core business
  • SNCF’s target: achieve 90% on-time departures (within 5 minutes of schedule) by 2026

Row 2, box 3:

  • Pictogram: white smiley face on maroon ground. Headline: Boost customer satisfaction. Explanation: Improve satisfaction levels across all customer categories SNCF’s target: Reach 84% customer satisfaction by 2026

Row 2, box 4:

  • Pictogram: white SNCF employee on turquoise ground. Headline: Boost employee satisfaction and engagement. Explanation: Prepare SNCF employees for a new relationship with management. SNCF’s target: Increase employee satisfaction and/or engagement by one point per year by 2026

Row 3, box 5:

  •  Pictogram: white piggy bank on red ground. Headline: Deliver economic discipline and high performance. Explanation: To have the financial means we need to meet our goals. SNCF’s target: reach positive free cash flow by 2022

Row 3, box 6:

  • Pictogram: white leaf on green ground. Headline: Be a good corporate citizen and drive the ecological transition. Explanation: Expand rail, ride-sharing and all other forms of collective mobility SNCF’s target: eliminate 30% of CO2 per passenger/km (in tonnes) by 2026