Jean-Pierre Farandou recognized him, Friday, during his first press conference as CEO of the SNCF: his beginnings at the head of the rail operator were a little rowdy: “ In four months, I had a month and a half of a long and hard strike , "he said. And, as expected, this social conflict weighed heavily on the results for the 2019 financial year.
Read also: Tensions, bitterness ... The difficult return to work at SNCF after the strike
Last year, the old railway lady accused a loss of 801 million euros. A hard blow after three profitable years (2016, 2017, 2018). This underperformance is firstly attributable to the social movement. " The strike hurt, generating a shortfall of 690 million and an operating loss of 614 million in December, " recognizes the CEO. In addition, exceptional accounting items with no effect on cash negatively impacted net income by 500 million.
Sales increased 5.1%
Not enough, however, throw the handle after hatching. Because, if we disregard the conflict, the SNCF rather achieved a good
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