SNCF advantage of the good tourist season in France - July 29, 2011
The political crisis of the Maghreb countries, boosting the number of tourists to France this summer, benefits the station. "We see a strong recovery in passenger traffic in France since mid-May," said David Azema, deputy director general strategy and corporate finance. After a difficult start to the year, hit by ongoing work on the network, the TGV of domestic activity recovered in the second quarter, with sales up 4.5% at end June The trend was more spread earlier this year. Throughout the first half, the station achieved a sales increase of 9.5% (6.1% at constant perimeter and constant exchange rates), to 16.3 billion euros. Firmly committed to a recovery plan of its accounts by 2015, it increased its operating margin to 8.4% (against 6.8% at end-June 2010). For the record, she has set a minimum of 10% in 2015."The accounts of the first half showed that we are on track, says David Azema. We do what we said, with the obsession of a return to a satisfactory level of profitability to cover investment needs essential to the quality of service and development. "
In one year, SNCF has stabilized its level of debt (8.7 billion euros) and increased its net profit group share of 478 million euros to 558 million, mainly due to the improvement in profit Financial.
The company is now able to self-finance 92% of its investment. During the first six months, it has invested 1.3 billion euros ($ 1.1 billion from its own funds). A 80%, this is the purchase of equipment (43 TER trains, 20 trains Francilien, 4 TGV trains, 26 locomotives …).