The Limited Times

The ambitions of the SNCF weighed down by the state of the network

2/24/2022, 11:10:39 PM


The public group raised its head in 2021. But its objective of doubling rail traffic by 2030 is utopian, because the State does not invest enough in the tracks.

Contract completed for the CEO of SNCF, Jean-Pierre Farandou.

Under his magisterium, the railway group is gradually emerging from the pandemic.

Last year, it returned to profit (890 million euros).

Admittedly, it owes its return to the green with the sale of the wagon rental specialist, Ermewa, which brought in 2.2 billion in 2021. But, without returning to the pre-Covid level, all the indicators of the old lady rail have improved: the operating margin, which peaked at 7% in 2020, rose to 12%;

turnover jumped by 15% to 34.8 billion...

"We suffered the significant impact of the crisis, especially in the first half of 2021. But we were able to compensate for it"

, estimates Laurent Trevisani, Deputy Managing Director Strategy and group finance.

SNCF owes a proud debt to its subsidiary Geodis.

The king of logistics and international freight transport had a record year with sales up 28% to 10.9…

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