FS Italiane, 2023 first half results approved: revenues and operating margins up, investments increase

  • Operating revenues at 7.1 billion euros (+15.8% vs. first half of 2022)
  • EBITDA at 974 million euros (+7.4% vs. first half of 2022)
  • EBIT at 99 million euros (+18.2% vs. first half of 2022)
  • Technical investments for the period at 6.6 billion euros (+64.2% vs. first half of 2022)

Rome, 28 September 2023 - The Board of Directors of Ferrovie dello Stato Italiane, chaired by Nicoletta Giadrossi, approved today the Group's Half-Year Financial Report for the consolidated six months as of June 30th, 2023.

The results for the six-month period under review mark an improvement in key economic indicators compared to the first half of 2022, with an EBITDA increase at +7.4% and EBIT at +18.2%. These results were driven, more specifically, by the Group operating performance and the strong recovery in passenger volumes, which are back to pre-Covid-19 levels. Thanks in part to the contribution from the NRRP (National Recovery and Resilience Plan), investments are posting a strong increase, particularly in the Infrastructure Hub.

Key operating indicators as of June 30th, 2023:

  • Operating revenues at 7.1 billion euros (+15.8% compared to the first half of 2022)
  • EBITDA at 974 million euros (+7.4% compared to the first half of 2022)
  • EBIT at 99 million euros (+18.2% compared to the first half of 2022)
  • Net income for the period at +4 million euros (-91.4% compared to the first half of 2022)
  • Technical investments for the period at 6.6 billion euros, +64.2% compared to the same period in 2022 (2.6 billion euros) 
  • Net Financial Position stood at 9.7 billion euros (7.6 billion euros as of the end of 2022).

A summary document with the main results achieved by the Group Ferrovie dello Stato Italiane during the period is available in the Investor relations section of the website www.fsitaliane.it

Disclaimer

The Manager in charge of the corporate accounting documents, Mr. Marco Fossataro, affirms pursuant to paragraph 2, article 154-bis of the Consolidated Law on Finance that the accounting information contained in this document corresponds to the documentary results, books and accounting records. This document also contains forward-looking statements which do not constitute a guarantee of future events and results.

 


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