Economic expansion in the euro area continues to be solid and widespread across countries and sectors.

Annual average GDP growth was 2.4%, supported by private consumption, investments and exports that benefited from the widespread global recovery.

The sustained growth rate of the European economy, with an increase in industrial production of about 3% and a level of unemployment of 9.1%, also had positive repercussions on the demand for mobility.

In the goods sector, on the basis of the latest available data collected by the Union Internationale des Chemins de Fer (UIC), goods traffic for the most important European railway companies has increased by about 1% in terms of tons/km. In particular, Spanish Renfè SA recorded an increase of 1.4%, while French SNCF and German DB AG showed a decrease of about 1%.

In the passenger segment, the average increase in traffic volumes was 4.5%: among the main railway companies, French SNCF showed an increase above average, while German DB AG and Spanish Renfe showed trends around 3%.

FS Italiane as an integrated systems company

From January 2017, the Mercitalia Polo operates with the objective of relaunching the FS Group's goods business, developing integrated freight and logistics solutions that make it possible to exploit the railway network.

In this context, FS Italiane wants to be the systems company that implements an offer of integrated and sustainable mobility and logistics services, exploiting transport infrastructures in synergy and creating value in Italy and abroad.

Source: 2017 Financial Report