France’s new combined infrastructure manager, SNCF Réseau (RFF and SNCF Infra), is to invest a record EUR4.9 billion in enhancing and maintaining the national rail network in 2015.
In January, SNCF Infra, which was responsible for maintenance and traffic control, was combined with infrastructure manager RFF to create SNCF Réseau. In 2014, RFF’s revenue grew by 4 per cent to EUR5.9 billion. The organisation’s operating margin also increased, rising 8 per cent to EUR2.1 billion.
RFF’s operating income fell to EUR1.2 billion resulting in a net loss of – EUR213 million. RFF’s debt subsequently rose to EUR36.8 billion by the end of 2014. Announcing its annual results, SNCF Réseau said it planned to recruit 2,000 new employees to meet the demand for maintenance work.
Turnover increased by 1.5 per cent to EUR27.2 billion in 2014 thanks in part to SNCF’s international activities, which grew by 7 per cent in the past year. Net profit improved to EUR605 million compared to – EUR180 in 2013 caused by the EUR1.4 billion depreciation in TGV rolling stock. SNCF said it had stabilised its EUR7.4 billion debt and recorded investments of EUR2.2 billion.
Announcing its outlook for 2015, SNCF said it had ‘ambitious’ goals to increase revenue by 3 per cent and international revenue by 27 per cent.