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More than 2 billion profit for the SNCF in 2022

2022-12-27T19:26:17.003Z


The SNCF and the Ministry of Transport ensure that the result will be “fully reinvested” in the rail sector and in particular in the network.


The cost of the controllers' strike at Christmas and the 200% compensation for affected customers should slightly reduce SNCF's profit in 2022. But they will not overshadow the exceptional results that the group will publish in February.

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According to

Le Parisien

, the SNCF could make a profit of 2.2 billion euros.

A record.

This figure has not been confirmed by the management of the railway group, concerned about discretion after its showdown with a collective of controllers.

But it has not been denied.

This excellent performance is not a surprise.

In the first half, turnover had jumped to 20.3 billion euros, 14% more than before the pandemic.

Net profit reached 928 million euros.

The improvement continued during the summer.

In July and August, SNCF sold 10% more tickets than in 2019.

Read also Strike at the SNCF: “A cowardly relief that does not solve anything”

To this record result should be added the amount of SNCF's share in the sale of Akiem, the locomotive rental subsidiary, owned equally with DWS, a subsidiary of Deutsche Bank.

The amount of the sale of this subsidiary to the Caisse de depot et placement du Québec (CDPQ), finalized in early December, would vary between 2.5 and 3 billion euros.

The SNCF and the Ministry of Transport assure that it is not a question of “

profits

”, explaining that the result will be “

fully reinvested

” in the railway and in particular in the network.

Last summer, Jean-Pierre Farandou, CEO of the SNCF group, judged that the amounts allocated to rail infrastructure remained insufficient compared to those of our neighbours.

He estimated at a "

hundred billion euros

" the investments to be made to double the share of the train in France and achieve carbon neutrality in 2050. In the shorter term, this windfall will help the SNCF to pay its electricity bill. .

This doubled in 2022, rising to 600 million euros.

The 2023 budget provides for an envelope of 1.6 billion euros.

Source: lefigaro

All business articles on 2022-12-27

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