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"Too early" to say if the SNCF will still need support, according to Farandou

2021-01-21T21:20:02.448Z


It is "still too early" to say whether SNCF will need new state support this year, beyond the 4.7 billion euros of the recovery plan from which the rail sector has benefited, said this Thursday its CEO, Jean-Pierre Farandou. Read also: Eurostar sounds the alarm "Let's move forward in the year, we'll see if there is a need. It's still too early to tell, ” conceded Jean-Pierre Farandou on France 5


It is

"still too early"

to say whether SNCF will need new state support this year, beyond the 4.7 billion euros of the recovery plan from which the rail sector has benefited, said this Thursday its CEO, Jean-Pierre Farandou.

Read also: Eurostar sounds the alarm

"Let's move forward in the year, we'll see if there is a need.

It's still too early to tell, ”

conceded Jean-Pierre Farandou on France 5. The core railway business - and in particular the TGV - has been battered by the health crisis in 2020, but other branches like logistics are doing better, he noted.

With all the subsidiaries,

"in total"

the turnover of the group

"is 20% less"

, he noted (a decrease of around 7 billion euros compared to 35 billion euros). 2019, NDLR).

"We are affected, but it is not a disaster"

"We are affected, but it is not a disaster,"

said Jean-Pierre Farandou, recalling that the accounts for 2020 have not yet been closed.

"We are not always in a position to reach out to ask for money from the community."

"We have our own efforts to make"

: the SNCF succeeded in saving 1.8 billion euros last year and set itself

"a target of 1.2 billion"

in 2021, he stressed. .

The resumption of SNCF will depend on the rebound of the TGV, which he hopes at the end of the health crisis in the fall.

With the key a reform of the pricing which will make it possible to have

“low prices until the moment of departure”

, he recalled.

Source: lefigaro

All business articles on 2021-01-21

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