In 2018, the operating revenues of the FS Italiane Group exceeded 10 billion euro for the first time in the company’s history, an overall increase of 2.8 billion euro (+30% compared to 2017), deploying 12.1 billion.
EBITDA grew to 2.5 billion euro with an EBITDA Margin of 20.5%, whilst the EBIT amounted to 714 million euro in 2018, equal to an EBIT Margin of 5.9%.
The net result reached 559 million euro at the end of 2018, with an increase of 1.3% in absolute value compared to the 2017 result of 552 million euro. This increase exceeds 30% if the values extracted from non-recurring transactions are taken into account in the comparison.
The Group further strengthened its high level of financial soundness, with its funds reaching close to 41.8 billion euro at the end of 2018 (+3.1 billion euro from 2017).
The Net Financial Position, which stands at 6.7 billion euro, came as a 618-million-euro improvement compared to 31 December 2017. Financial robustness of the FS Group is also witnessed by the current investment grade rating assigned by Fitch e Standard&Poor’s to FS Italiane, both BBB in line with the rating of Italy.
The FS Italiane Group puts its commitment to the passenger transport business at the centre of its operations and strategic strategies, with new services and a particular focus on local and regional transport (with technical investments amounting to 525 million euro), along with a transformed centrality of the customer generally that - also through the new contracts with the Regions - sees Trenitalia committed to guaranteeing a renewed attention to customer satisfaction and an increasing quality service with new trains, punctuality and comfort throughout the journey, also via the acceleration of revamping and restyling activities of the rolling stock.
Source: 2018 Financial Report