In 2020 the state Railways are confirmed first investor in Italy with 9 billion euros of technical investments (+5% on 2019). The group also made operating revenue for 10,8 billion euros (-12,8%), but against approximately 1,7 billion euros of negative impact due to Covid-19.
On the profitability front, the EBITDA amounted to 1,6 billion euros (-37,4% compared to 2019), but with a negative impact from Covid-19 exceeding one billion euros.
Despite the negative effects of the pandemic and thanks to the optimization of industrial processes, the loss was contained at 562 million euros.
The financial soundness of the group has been confirmed, with 41,4 billion euros of equity.
I revenues from transportation services, equal to 5 billion euros, marking a decrease of 2,5 billion euros compared to 2019 (of which 2,3 billion due to the Covid effect). Due to the effects of the pandemic, all transport-related components are declining.
I operating costs for the year amounted to 9,2 billion euros, down by 610 million euros (6,2%) compared to the previous year, largely thanks to the cost cutting implemented during the lockdown period and in the next months.
"Despite the strong, objective complexities caused by the emergency in 2020 to all the industrial production chains in the country, the FS Italiane group - underlines the note - continued in its central role of supporting the national industrial system".
Furthermore, Fs Italiane confirms “la environmental sustainability, social and economic as a guiding element for defining strategic and operational choices and for ensuring responsible growth of the business in the medium and long term”.
In terms of environmental sustainability, FS Italiane, which will be carbon neutral by 2050, also confirms "the improvement in the emissions trend, even net of the reduction in production due to the pandemic".
